nFusion Capital provided a $1 million Factoring Facility to help the owner of an excavation, site preparation, and demolition services provider launch a related company offering civil engineering solutions. Based in Nashville, Tennessee, the construction company serves the Nashville Metro area with its own skilled workforce and state-of-the-art equipment, minimizing delays, reducing change orders, and meeting tight deadlines without compromising quality.
The owner needed working capital for the start-up entity to invest in a workforce and launch the engineering firm. Still, without a business history, the owner’s existing bank could not help. The Company founder is a serial entrepreneur and a former nFusion Capital client. During their previous engagement, he appreciated nFusion’s positive approach, speedy solutions, and relationship focus, and once again, he turned to nFusion for help with his new venture.
nFusion’s $1M flexible factoring facility enabled the startup to launch successfully, knowing it had a stable, long-term funding partner who could scale alongside the new business.
“It is exciting to support this entrepreneur’s vertical integration strategy and the launch of a new company,” said Brice Reid, nFusion Capital Senior Vice President, Business Development. “Return clients such as this are a testament to nFusion Capital’s people, processes, and effectiveness.”