InterNex Capital provided a $5 million revolving line of credit to a consumer goods company specializing in kitchen utensils. The company operates across various distribution channels, including direct to consumer, online marketplaces, big box retailers and discount stores.
InterNex provided an initial $5 million revolving line of credit that can grow with the client. InterNex extended exceptional credit limits and concentrations to align towards the client’s high-quality customer base with established historical performance.
The company is now leveraging InterNex’s Velocity cloud platform for streamlined accounts receivable management, real-time analytics and working capital management.
