Working Capital Fuels Lone Star Pipe Services Launch and Project Pipeline

Client:
Texas-based Lone Star Pipe Services, LLC, is a family-owned and operated business specializing in industrial coatings. They offer a wide range of services, including a range of coatings, pipe restoration, repairs and storage. A start-up company, the principal had worked for a pipe coating company that was a previous nFusion Capital client.
 
Situation:
As a brand-new company, Lone Star needed working capital to purchase equipment and inventory, recruit skilled workers, meet payroll obligations, invest in advertising and more. Since the principal had worked with nFusion at his previous employer and appreciated the relationship that had been built, he wasted no time in reaching out to nFusion when he was ready to start his own business.
 
Solution:
$2 million factoring line

Result: 
The funding helped Lone Star launch and begin filling their project pipeline, giving the company a clear runway to swift growth. The principal anticipates rapid growth, billings in excess of $500,000 per week, and an exciting future.