InterNex Capital Provides $3,000,000 Line of Credit

InterNex Capital has provided a $3,000,000 Line of Credit (VelocityLOC) to a 20+ year old, foreign owned New York company who deploys and manages large scale video displays in malls, window fronts, and offices across North America.   InterNex was able to quickly structure a flexible working capital revolver alongside another senior secured lender which their incumbent working capital lender could not.  In addition, InterNex had to navigate through the complexities of a multitude of involved parties across different countries to close the transaction in a compressed timeframe.  The InterNex Velocity™ platform’s real-time AR management, reporting, and analytics will help optimize working capital management for the company.