FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


nFusion Capital Sells Transportation Factoring Portfolio

September 22, 2023, 08:00 AM
Filed Under: Industry News

nFusion Capital 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.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.