nFusion Capital Demonstrates Apparel Expertise with $1,200,000 in New Transactions

nFusion Capital was able to assist two apparel companies along their growth trajectory recently. Alexandra Scoggin, nFusion’s Senior Executive Vice President, has deep expertise in the apparel industry and has spent two decades working with businesses to understand their working capital needs and provide customized financing solutions.

Women’s Apparel Start-up
A Persian American designer known for his work in the luxury fashion industry had worked with prominent designers such as Proenza Schouler and Oscar de la Renta. He launched a New York City-based start-up company to design and manufacture high-end women’s apparel selling direct to consumer. The Company needed additional working capital to expand into selling to high-end retail stores, take on larger orders, and possibly add an accessories line. nFusion Capital provided a $200,000 factoring line of credit to help them execute their growth strategy.

Established Men’s Apparel Company
A luxury men’s apparel manufacturer based in the Bronx had built strong relationships with Centric Brands LLC, Podium Brands Group and other omnichannel distribution companies. Although the Company faced sales challenges during the pandemic, they are building sales back to pre-COVID volume and are taking on more large orders. They required additional working capital to fulfill their current orders and take on new projects. nFusion Capital provided a $1,000,000 factoring line of credit to address their rapid growth and to support their strategic growth initiatives going forward.

Expertise
Both clients appreciated Alex’s and nFusion’s extensive experience in the apparel industry and in factoring. This shared experience allowed the clients to approach their relationship with nFusion effectively, with honest conversations about the best path forward to support their growth.