nFusion Capital Sells Transportation Factoring Portfolio

nFusion Capital Sells Transportation Factoring Portfolio

AUSTIN, TX–SEPTEMBER 21, 2023–nFusion Capital (the “Company”), a leading commercial finance company to entrepreneurs, recently announced they have sold their transportation factoring portfolio to a leading provider of factoring services for motor carriers and owner-operators.  This strategic decision will enable the Company to focus on growing their core portfolios of General Factoring and Asset Based Lending.

“At nFusion Capital, we pride ourselves on delivering best-in-class products and customer service,” said Jason Lippman, nFusion Capital CEO. “With the transportation industry facing significant headwinds and a need to invest considerable resources to continue delivering best-in-class service for transportation clients, we made the decision to divest the portfolio.”

In searching for a buyer, nFusion Capital said they only considered acquirers with a similar client service commitment to ensure companies would continue to have a financing partner vested in their success. The chosen company  – a commercial finance company exclusively focused on transportation factoring with a substantial track record in the industry – is among the best and offers complementary products such as load boards, fuel discounts, etc.

“We know business owners and referral sources have choices in a lending partner and we want to assure clients we are giving you our 100% focus and attention, as well as speed, convenience, and transparency,” Lippman added.

 

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