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InterNex Capital Announces $750,000 Line of Credit to Oil & Gas Company
February 1, 2023
Source: InterNex Capital
InterNex Capital provides $750,000 facility to an oil and gas servicing company based in Arkansas. The company sought a stable and consistent working capital partner to satisfy daily needs, improve cost of capital, and help plan for future high-tech investments to meet their growth plans.
Challenged with a short timeline due to an expiring facility with the company’s existing lender, InterNex provided a $750,000 revolving line of credit to the company within two weeks. The following week, the company took delivery of a new high-tech truck to provide an expansion of services in a new region to meet their customers needs.
The company has integrated with the InterNex Velocity™ cloud platform for AR management, real-time data analytics, and working capital management.
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