$12 Million ABL Facility Builds Framework for Growth

Client:
Founded in 1984 in Anaheim, California, this employee-owned construction company specializes in interior and exterior wall systems, metal framed panels and partitions for commercial, institutional, and industrial clients, and constructing themed facades for the entertainment and gaming industries. Their customer base comprises a wide range of general contractors, and the Company has a solid foundation for consistent growth.

Situation:  
The Company needed additional working capital, but its bank was unwilling to increase its lending facility and sought to exit the relationship. In search of a new lender to refinance existing indebtedness and provide additional growth capital, the Company found many capital providers hesitant to work through the complexities of an Employee Stock Ownership Plan’s (ESOP) unique accounting and regulatory characteristics. A referral source pointed them to nFusion Senior Executive Vice President Alexandra Scoggin and the nFusion team, knowing they are ESOP and construction financing experts.

Solution:
$12 Million ABL facility

“We provided sufficient financing to support the client’s growth and address their backlog of business. Our funding equips the client with the resources they need to sustain and drive their continued success. I am thrilled to be able to help an employee-owned construction business succeed. ”
– Alexandra S. Scoggin, nFusion Capital Senior Executive Vice President

Result:
nFusion’s flexible ABL line of credit provided immediate access to working capital to fund materials, inventory, and payroll. With improved cash flow, the Company can negotiate better pricing on materials and accelerate the completion of its customer’s projects, increasing efficiency and profitability. The added runway will also enable the construction company to grow exponentially and take on more opportunities.