nFusion Capital recently provided a $500,000 Factoring Facility to a provider of horizontal directional drilling, boring and trenchless technology services. The Company offers a full range of trenchless services, including pipeline installation, utility relocation, and borehole drilling for various water, gas, telecom, and electrical infrastructure applications. They use advanced technology to minimize disruption and environmental impact while ensuring safety and precision in every project.

With two new large projects on the horizon, they needed an additional source of working capital to cover operating expenses and purchase new equipment while also funding future growth in terms of new opportunities and contracts. Their bank gave them referrals to three factoring companies; they chose nFusion Capital due to the firm’s expertise in the oilfield services and construction industries and experience working with entrepreneurs.

nFusion’s $500,000 flexible factoring line of credit enabled the Company to cover the labor and overhead costs of taking on new projects and will give them an ongoing source of working capital. The partnership also offers Company leadership peace of mind, knowing they have a long-term partner to help them grow.

“A fairly new company, the owners had previously been self-funding,” said Greg Dyson, Senior Vice President, Business Development. “nFusion is so pleased to be able to help them take on new business and take their company into the next phase of growth while improving the communities they serve.”