InterNex Capital Provides $2MM Velocity LOC to Florida-Based Food Manufacturer

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.