nFusion Capital Provides $8 Million Factoring Line to a High-Tech Mug Distributor

nFusion Capital announced it provided an $8 million factoring line to a high-growth and high-tech mug distributor using patented temperature control technology to keep beverages at a continuously precise temperature.

With a strong customer base comprised of Fortune 500 retailers, the high-tech distributor needed a financing partner that would not require the Company to factor all its invoices or require a long-term contract. Their bank referred them to nFusion Capital. We were able to provide a six-month contract while also carving out just their top five debtors for factoring. 

“I am pleased to announce we have successfully onboarded a high-end cup distributor. We understand the unique liquidity needs of entrepreneurs," said Alexandra S. Scoggin, nFusion Capital senior executive vice president. "Our agility and ability to move quickly were crucial in securing this opportunity, demonstrating our commitment to meeting client needs efficiently.” 

The funding gave our client the flexibility they needed without being encumbered by a long-term contract.