$3M ABL Deal Builds Infrastructure for Growth

Client:
A long-established, family-owned cabinetry and millwork company based in New Jersey 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.

Situation:  
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.

Solution:
$3 Million ABL facility

“We were pleased to help this family-owned cabinet millwork company take its growth to the next level with our ABL financing and streamlined client onboarding process. This deal is yet another testament to our ability to secure timely funding for clients when they need it the most.” – Alexandra S. Scoggin, Senior Executive Vice President, nFusion Capital

Result:
nFusion’s flexible asset based line of credit enabled the Company to improve cash flow and maximize its borrowing capacity by lending against its assets. By having immediate access to funds for materials and payroll expenses, the Company was able to decrease its order backlog, scale up operations, and continue to uphold its reputation for quality and craftsmanship.