nFusion Capital Provides $6 Million ABL Facility For a Equipment Supply Center Expansion

nFusion Capital announced it provided a $6 million asset-based lending facility for a Texas-based equipment rental and supply center. The company offers flexible rental solutions for a diverse fleet of equipment, including aerial lifts, earthmoving equipment, compaction tools, power/lighting units, UTVs, and attachments. Their supply division offers a comprehensive range of consumable and complementary jobsite supplies such as abrasives, fencing, environmental products, rigging, safety equipment, and welding tools. They primarily service the infrastructure, general construction, oil and gas, and other industrial sectors.

Led by a young entrepreneur, the Company grew rapidly and built a $49 million revenue stream in just three years. Although the Company had good financial reporting, their lender was unwilling to lend against the Company’s maximum accounts receivable due to debt levels, limited credit history and uncertainty about whether they could maintain such a rapid growth rate. An SBA lender referred them to nFusion Capital.

Access to a steady source of financing enabled the Company to realize its strategic expansion plans in the region. In addition, the surety of having a reliable long-term financial partner gave them a sense of security to confidently continue their growth trajectory.