InterNex Capital funded a $4.5 million credit facility for a pharmaceutical manufacturer and distributor based in the Southeast. The company sought working capital to expand product development and increase operational liquidity.
Falcone Capital Holdings, a holding company of transportation brands, renewed its $10 million revolving credit facility with InterNex Capital.
InterNex Capital provided a $4 million line of credit (VelocityLOC) to a minority and woman-owned electric contractor based in Illinois that focuses on commercial, industrial and residential projects and maintenance services.
The Secured Finance Foundation announced its new board members and co-chairs for 2022 and noted the board members’ various areas of special attention, ranging from education, fundraising and community development to data and next generation initiatives.
InterNex Capital provided $8 million in financing to a health sciences company in Pennsylvania. InterNex Capital specifically provided a $5.5 million line of credit and a $2.5 million term loan with potential upsize capacity of up to $5 million.
InterNex Capital closed a $4.1 million line of credit and term loan for a decade-old liquor and wine importer and distributor based in New York. The company sought financing to purchase the assets of two other companies.
InterNex Capital hired Heather Fidura as a business development officer. Fidura will be based in Tampa, FL, and will focus on generating new business with InterNex’s suite of products, including asset-based lending, invoice finance and term loans.
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.
InterNex Capital launched a program focused on providing working capital to small and medium minority and women-owned business enterprises. As part of the program, InterNex recently funded a $250,000 line of credit to a minority, woman and veteran-owned business based in Arizona.
InterNex Capital provided a $3 million Velocity line of credit to a New York-based company that deploys and manages video displays in malls, window fronts and offices across North America.