nFusion Capital provided a $5 million asset based lending facility to a leading manufacturer of custom finish millwork serving the restaurant, hospitality, retail, corporate, and healthcare industries worldwide. The financing helped support the refinancing of its existing debt facility and ongoing growth initiatives.

Founded in 1950, the Company’s artisans, engineers, and builders combine old-world craftsmanship with next-generation technology to deliver precision work for high-profile projects from London and New York to Oslo and Sydney. 

The Company’s bank made a strategic decision to reduce its exposure to the construction industry and requested a quick exit from the facility. The Company faced the urgent challenge of securing a new financial partner willing to lend to a construction company and understanding the industry’s nuances. A bank advisor referred them to nFusion Capital, citing the firm’s deep construction industry expertise and ability to close quickly.

Within just 28 days of signing the term sheet, nFusion Capital delivered the $5 million asset based lending facility, giving the Company the liquidity it needed to take on new project opportunities and the confidence of a long-term financing relationship.

“The Company has an experienced management team; they were very responsive and easy to work with,” said Jesse Baer, nFusion Capital Senior Vice President. “Thanks to their cooperation and our certainty and industry expertise, we were able to meet a very tight timeline and close the deal quickly. Being a construction-focused ABL lender, we were able to give the Company the maximum availability against their accounts receivable to continue their growth.”

With the new facility and assurance of a long-term partner, the Company is positioned to expand its global portfolio of projects and strengthen relationships with architects, designers, and contractors worldwide.