InterNex Capital Announces Working Capital Funding Program for Minority and Women Owned Businesses

InterNex Capital is pleased to formally share with the market their new program focused on providing working capital to small and medium Minority & Women-Owned Business Enterprises (M/WBEs).  Diversity is hugely important to the culture at InterNex. Diversity and inclusion are shared priorities and values among their founders, employees, investors, and partners. While InterNex is proud to say that today one third of their clients are indeed Minority & Woman-Owned Businesses Enterprises (M/WBEs), they chose to launch a dedicated M/WBE program with the vision and belief that further representation within their client base is not only possible but something for which they are responsible.

As part of this M/WBE program, InterNex will:

•            Provide a dedicated underwriting process for applications from M/WBEs

•            Offer special price programs for VelocityStretch funding facilities for M/WBEs

•            Incentivize our referral partners with bonus commissions for M/WBEs

•            Extend below our ideal $500k minimum facility size when the business is a M/WBE

•            Partner with banks and local networks to expand funding and training to M/WBEs

•            Educate M/WBEs to harness the powers and unique visibility provided by InterNex’s Velocity™ platform and its FinTech analytics to manage their cashflow

InterNex celebrates women-owned businesses in particular during March, Women’s History Month.

InterNex Capital is also pleased to highlight a $250,000 line of credit to an Arizona Minority, Woman, and Veteran Owned Business. 

InterNex Capital funded a $250,000 line of credit to an Arizona company that provides deep cleaning and junk removal services for commercial buildings post completion of construction projects.  The Client sought a partnership with a lender offering a flexible, technology-driven working capital solution that would grow with their business.  Within days InterNex funded a $250,000 Line of Credit (VelocityLOC) and paid off the business's incumbent lender.  InterNex also issued a VelocityStretch facility as well to provide the company with additional liquidity. The InterNex Velocity™ platform and QuickBooks integration provide the client with a real-time borrowing base, same-day funding, and analytics.