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InterNex Capital Announces $5 Million Facility to Wholesaler
February 26, 2024
Source: InterNex Capital
InterNex Capital provided a $5 million revolving line of credit to a consumer goods company specializing in kitchen utensils. The company operates across various distribution channels, including direct to consumer, online marketplaces, big box retailers, and discount stores. The company sought an innovative lender with meaningful solutions for their continued growth.
InterNex provided an initial $5 million revolving line of credit that can grow with the client. InterNex extended exceptional credit limits and concentrations to align towards the client’s high-quality customer base with established historical performance.
The company is now leveraging InterNex's Velocity™ cloud platform for streamlined accounts receivable management, real-time analytics and working capital management.
