InterNex Provides $4 Million Line of Credit for An Electrical Contractor

InterNex announced it has provided a $4 million line of credit (VelocityLOC) and the Velocity™ platform for visibility and planning into the client's working capital.

The electrical contractor client is a minority, family, and woman-owned electrical contractor focused on commercial, industrial and residential projects and maintenance services. The company has served the Illinois community for almost 100 years.

The company needed a larger facility to fund working capital and growth as limited with current bank facility.

InterNex provided a $4 Line of Credit (VelocityLOC) and the Velocity™ platform for visibility and planning into their working capital.