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nFusion Capital Provides $8MM Factoring Line to Mug and Baby Bottle Distributor

Date: Sep 16, 2024 @ 07:55 AM
Filed Under: Distribution

nFusion Capital provided an $8MM factoring line to a high-growth and high-tech mug and baby bottle distributor using patented temperature control technology to keep beverages at a continuously precise temperature.
 
While preparing itself for a sale, the Company needed short-term financing to clean up its balance sheet, provide working capital and position the business for maximum value during the marketing process. Additionally, the founders were prudent business leaders who understood that there may be an unforeseen liquidity event which could delay the sale process. With a strong customer base comprised of Fortune 500 retailers, the Company needed a financing partner who could structure financing without creating significant UCC liens against the company’s assets that could delay the closing of the deal or create issues in the sale process. Their bank referred them to nFusion Capital, which was able to provide a six-month contract while also carving out just their top five debtors for factoring.
   
The funding gave the client the flexibility they needed and enabled them to better position the company for sale without the deal being encumbered by a long-term contract.

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