InterNex Capital funded a dual $1.55 million term loan and revolving line of credit to a NY-based consulting firm. The firm launched its technology consulting services in 2021 and had explosive growth in 2022.
Ramping up staff across the country, the consulting firm had an immediate financing need at the end of December. The firm also sought an ongoing working capital structure aligned to its growth plans for the coming years.
Within four days InterNex provided a $550,000 term loan to meet the firm’s immediate need. Over the holiday period, InterNex proposed an additional $1 million line of credit to the client for ongoing working capital to support future growth.
