InterNex Capital provided a $1 million debtor-in-possession facility to a bakery products distributor, which pursued bankruptcy protection to manage through the impacts of COVID-19.
InterNex Capital provided the DIP facility to ensure the distributor had required financing through its restructuring period.
InterNex Capital is an asset-based digital lender providing revolving lines of credit from $250,000 to $10 million to small and mid-sized businesses.
