- Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $41.2 Million in Commercial Financing to 61 Businesses in the Second Half of February
- Varex Announces Closing of Revolving Credit Facility of $155 Million
- O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Corridor Capital in its Acquisition of Association Headquarters
- Saks OFF 5TH Closes ABL and Term Loan Facilities to Further Enhance Liquidity
- TransPerfect Announces New $500 Million Credit Facility
InterNex Capital Provides $2MM Velocity LOC to Florida-Based Food Manufacturer
November 4, 2020
Source: InterNex Capital
InterNex Capital provided a $2 million velocity line of credit and a $550,000 stretch facility to a Florida-based food manufacturer that sells low carb, ready-to-eat foods through U.S. distributors and directly to consumers online.
The company sought a working capital provider that could consolidate its debt, simplify operations through technology and help fuel new business growth.
The InterNex Velocity platform integrates with QuickBooks Online accounting platform for real time borrowing base and bookkeeping to simplify and optimize accounts receivable and cash management.
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