nFusion Provides $15MM Line of Credit to Lone Star Overnight

Lone Star Overnight (LSO), a regional last-mile parcel delivery company based in Austin, TX, expanded its underwriting and on-boarding with nFusio Capital, as nFusion provided it with a $15 million line of credit that enabled the company to pay off its existing lender, continue to meet weekly payroll, ramp up to meet holiday demand and grow successfully.

nFusion completed both underwriting and onboarding, conducting an internal collateral audit rather than waiting weeks to secure an outside vendor, which it found challenging with more than 13,000 account debtors, hundreds of thousands of invoices to validate and reconcile and an initial invoice upload in excess of $10 million.