InterNex Capital Provides $6MM LOC to Technology Payments Company

InterNex Capital provided a $6 million line of credit to a technology payments company in the financial services industry. 

The company sought a working capital line that offered the flexibility to meet its seasonality needs, a daily (versus monthly) borrowing base and additional liquidity beyond borrowing base as required.

InterNex delivered the $6 million LOC with an ongoing stretch facility up to $1 million.

InterNex Capital is a digital lender providing working capital financing to lower middle market businesses. InterNex Capital offers a suite of financing solutions from $100,000 to $10 million for general working capital needs.