nFusion Capital provided a $6 million asset based lending facility to a Southern California-based electrical contractor. The financing will support the company’s large project backlog and accelerate its regional expansion.

The Company provides design, engineering, construction, service, and maintenance solutions, specializing in hotels and mixed-use multi-family buildings such as large apartment complexes. At the forefront of construction technology implementation, the Company is a full-service provider of electrical and technology systems.

Experiencing rapid growth and expanding into Nevada and Arizona, the Company needed a financing partner that could scale alongside its momentum. When its previous lender could not accommodate its increasing capital needs, the Company decided to align with a non-bank lender for increased flexibility and scalability. A broker referred the Company to nFusion Capital, known for its deep expertise in the construction industry and ability to deliver tailored, flexible solutions.

nFusion responded quickly, closing the $6 million asset based lending facility in less than 60 days from term sheet to funding. The financing has enabled the contractor to expand operations, fulfill a significant backlog of projects, and capitalize on new opportunities in its expanded markets.

“In less than 60 days, we delivered a $6 million asset-based lending facility to a client that is truly bankable,” said Alexandra Scoggin, nFusion Capital Senior Executive Vice President. “With a strong project backlog and a healthy pipeline, they made the strategic decision to leave their bank and partner with a lender who thinks outside the box, offers greater borrowing availability against their assets and can grow in step with their evolving working capital needs.”  

The new facility provides both capital and confidence, giving the Company a reliable, long-term partner to support its continued growth and expansion.