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Home Deal Announcements

InterNex Capital Provides $750K Line of Credit to Oil & Gas Company

byIan Koplin
February 2, 2023
in Deal Announcements

InterNex Capital provided a $750,000 facility to an oil and gas servicing company based in Arkansas. The company sought a stable and consistent working capital partner to satisfy daily needs, improve cost of capital and help plan for future high-tech investments to meet their growth plans.

Challenged with a short timeline due to an expiring facility with the company’s existing lender, InterNex provided a $750,000 revolving line of credit to the company within two weeks. The following week, the company took delivery of a new high-tech truck to provide an expansion of services in a new region to meet their customers’ needs.

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