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nFusion Capital Provides $3MM ABL Facility to Cabinetry and Millwork Company

Date: Sep 27, 2024 @ 07:55 AM
Filed Under: Specialty Industries

nFusion Capital provided a $3 million ABL Facility to a a long-established, family-owned cabinetry and millwork company based in New Jersey which serves a diverse commercial clientele. They provide custom buildouts for medical facilities, educational facilities, elder care and retirement communities, office buildings, retail and industrial centers, apartment complexes, and municipal projects.
 
The Company had outgrown its bank line, and its lender was unwilling to increase the credit facility's size. The Company had a significant backlog of orders and was poised for growth but lacked working capital to meet client demand. They needed a financing partner that could support their business momentum. A referral source recommended they contact Alex Scoggin at nFusion Capital.

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