Daily News: March 13, 2019

InterNex Capital Closes $6.5MM in Revolvers for Three Companies


InterNex Capital recently completed several transactions comprised of revolving lines of credit and powered by their underwriting technology and analytics.

Those transactions included:

  • $5 million closed in 5 days to a New Jersey pharmaceuticals company who sought more availability to fuel their double-digit growth
  • $550,000 to a Missouri freight services company to support their continued growth and provide the tech upgrade they sought for working capital management and business analytics
  • $500,000 to a Texas transportation company whose growth was restricted by their current lender

Additionally, InterNex also upsized the following facilities:

  • $1.85 million for a Washington toy manufacturer and wholesaler
  • $850,000 for an Illinois grocery distributor
  • $700,000 for a North Carolina marine construction hardware distributor
  • $350,000 for a New York medical services provider

InterNex Capital is a digital, asset-based lender which provides accounts receivables lines of credit from $250,000 to $10 million to businesses nationwide.