nFusion Capital provided a $2 million asset based lending facility to a West Coast-based HVAC system contractor. The financing will support the company’s expanding project backlog and continued growth.

Founded nearly 45 years ago, the contractor delivers dependable HVAC solutions designed specifically for large commercial construction projects. With a long-standing reputation for reliability and technical expertise, the growing Company offers installation, repair, and maintenance services designed to enhance indoor comfort and optimize energy efficiency for commercial building owners and managers.

With growing industry projections and poised for record sales, the company sought new financing after its previous nonbank lender of 17 years made the strategic decision to reduce exposure to construction-related clients, specifically those with progress-billing contracts. Wanting to ensure their long-term client was well cared for, the lender introduced the HVAC company’s owners to nFusion Capital, recognizing the firm’s specialized knowledge of the construction industry. 

“We are honored that this lender trusted us to provide a soft landing for their client and to become this Company’s new long-term partner,” said Alexandra Scoggin, Senior Executive Vice President at nFusion Capital. “The lender’s decision to exit the construction sector reflected internal strategy changes, not the Company’s performance.”

nFusion met with the Company right away and tailored a flexible $2 million asset based lending facility based on accounts receivable to provide maximum availability against progress billings. The facility enables the Company to execute its large project pipeline with confidence and scalability as backlogged projects move towards completion. 

 “The owner was wonderful to work with, and I’m excited to help finance their growing pipeline and support their continued expansion,” Scoggin added. “It’s a privilege to partner with a company that has been successfully operating for almost 45 years.”  

The new facility delivers both capital and confidence, ensuring the company has a reliable, long-term partner to support its continued growth and success.