InterNex Capital closed an $8 million line of credit for a seven-decade-old, Pennsylvania-based specialty engineering contractor that focuses on solutions in glass manufacturing, industrial power generation and controlled environment agriculture.
The company sought working capital to support its ramp back up after the COVID-19 pandemic impacted its business in 2020. The company needed a lender to provide a financing solution in a compressed time frame as well as expanded availability. InterNex Capital’s Velocity technology platform integration was critical in delivering a solution that met all the company’s financing needs.
