nFusion Capital provides $2m factoring facility to civil engineering firm

nFusion Capital has provided a US$2 million factoring facility to a civil engineering contractor based in Texas and Louisiana. The funding will supply working capital to support the firm’s expansion into new infrastructure and energy projects across the Gulf Coast.

Founded in 2019, the company specialises in electrical services and pipework for natural gas pipelines. It operates through two divisions – electrical and pipeline – serving a range of industrial and energy clients. The firm’s project portfolio includes work for major organisations such as NASA and Chevron.

The contractor sought new financing after its previous lender exited the construction lending market. The firm also recently brought on a new industry executive who introduced additional project opportunities, creating an increased need for liquidity.

nFusion Capital structured the US$2 million facility around the company’s accounts receivable, providing flexibility to fund ongoing operations and meet the demands of large-scale contracts.

“Led by an experienced serial entrepreneur, this Company has tremendous potential for growth,” said Brice Reid, Senior Vice President, Business Development at nFusion Capital. “We’re excited to support their expansion and help fuel continued success.”

The financing will allow the contractor to meet existing obligations, accelerate payments to subcontractors, and pursue additional infrastructure work in the region.