InterNex Capital provided a $7 million revolving line of credit to a freight brokerage founded by industry veterans as a spin-off from an established trucking and logistics company.
The company is fast approaching $100 million in annual revenue and sought a scalable working capital line to capitalize on new market opportunities while ensuring a smooth operational transition to the new company.
InterNex provided the $7 million revolving line with facility upsize potential to support the company’s growth trajectory. The firm is now efficiently utilizing InterNex’s Velocity cloud platform for streamlined accounts receivable management, accessing real-time analytics and optimizing working capital operations.
