InterNex Capital Announces $4 Million Facility to Plumbing and Sewer Services Company ​

A long tenured and well-established NYC-based provider of plumbing and sewer services needed an innovative and flexible lender, who possessed a deep knowledge of their industry and could provide growth capital. InterNex Capital provided a $4 million senior secured financing, inclusive of a $2.5 million revolving line of credit and $1.5 million term loan. The financing package facilitated a recapitalization and ensures the company will have the necessary capital structure to take on larger municipal and private projects, while maintaining operational excellence. The client will be utilizing InterNex's cutting-edge Velocity™ cloud platform for user friendly and real-time management of their line of credit and accounts receivable.