A growing venture-backed New York-based logistics platform and freight broker had a significant working capital need driven by high invoice volumes across a diverse customer base. The client required a flexible financing partner capable of delivering substantial liquidity without restrictive concentration caps or disruptions to their customer relationships.
InterNex Capital provided a $4 million revolving line of credit that is covenant-light and is structured to maximize working capital availability while providing flexibility on customer concentration caps. This structure delivers liquidity to fuel continued expansion while maintaining strong customer relationships.
The client will be utilizing InterNex’s Velocity cloud platform for real-time management of its line of credit and accounts receivable.
