Your receivables grew. Your bank line didn't.
You are invoicing $4 million a month against a $2 million line. Payroll and the next purchase order cannot wait 60 days for customers to pay.
Accounts receivable lines of credit
Your borrowing base is bigger than your bank thinks.
InterNex Capital provides non-notified, covenant-light lines of credit from $2.5 million to $25 million and above for US B2B companies. Draw against your receivables the same day. Your customers never hear from us.
- Proposal in 48 hours
- No customer notification
- No borrowing base certificates
Key terms at a glance
VelocityLOC line of credit
- Facility size
- $2.5M to $25M+
- Advance rate
- Up to 85%of eligible receivables
- Customer notification
- NonePayments go to an account in your name
- Financial covenants
- Covenant-lightNo leverage ratio tests
- Draw requests
- Funded same day
- Time to close
- 12 to 15 business daysfrom signed term sheet
Every facility is structured around the business. Terms are subject to underwriting.
1M+
Invoices paid
$4B+
Funding provided
70%
Client renewals
Our clients work with
Sound familiar?
When your financing stops keeping up with your business
Most companies come to InterNex for one of three reasons. All three are problems a receivables-based line was built to solve.
Your bank wants more paperwork, or wants out.
Leverage tests, monthly compliance packs and borrowing base certificates eat your finance team's week, and one missed ratio puts the line at risk.
A factor wants to contact your customers.
Notification letters, payee changes and verification calls to your biggest accounts are not a conversation you want to start.
InterNex was built for exactly this gap.See how VelocityLOC works
Why InterNex
Why finance leaders move their line to InterNex
A private credit lender that behaves like a partner: senior people, fast answers and structures designed around how your business actually bills and gets paid.
Invisible to your customers
Non-notified by design. Customers keep paying the account they always have, held in your company's name. No notification letters, no payee changes, no verification calls.
Covenant-light, minimal reporting
No leverage ratio tests and no borrowing base certificates to file every week. We underwrite collateral coverage, not last quarter's EBITDA multiple.
Draw by spreadsheet, funded same day
Connect your accounting platform or upload a receivables file. Draw requests are funded the same day, without invoice-by-invoice paperwork.
A bigger borrowing base
Up to 85% of eligible receivables, with room for long payment terms and large customer concentrations that banks cap or exclude.
Proposal in 48 hours
A proposal within 48 hours of a complete file, and funding typically 12 to 15 business days after you sign the term sheet.
Structures that flex
Term loans alongside the line, headroom to upsize as you grow, and room to work with subordinated debt and existing capital partners.
Compare your options
InterNex, a bank line and factoring, side by side
The differences that matter most to a CFO are rarely the headline rate. They are who your customers pay, how much reporting you file and whether the line grows when you do.
InterNex VelocityLOC
Typical bank line
Typical factoring
Who your customers pay
Your own account. No notice to customers
Your account
The factor, after notification letters
Financial covenants
Covenant-light. No leverage ratio tests
Leverage and fixed charge covenants
Few covenants, tight invoice control
Ongoing reporting
Ledger sync. No borrowing base certificates
Weekly or monthly certificates and compliance packs
Invoice schedules, copies and verifications
How you draw
Online request, funded same day
Request, often with updated reporting
Submit and verify invoices one by one
Customer concentration
Up to 100% on investment-grade customers
Strict single-customer caps
Approved customers only
Long payment terms
Considered when customers pay consistently
Older invoices drop out early
Fees rise the longer customers take
Speed to close
12 to 15 business days from term sheet
Often 30 to 60 days or more
Fast, at a higher effective cost
Bank and factoring columns describe typical market practice. Read the full comparisons: line of credit vs factoring and line of credit vs term loan.
Solutions
Four ways to put your receivables to work
Start with a revolving line, then add invoice purchase, a short-term advance or a term loan as your needs change. Every facility runs on the Velocity platform.
VelocityLOC
Line of Credit
A non-notified revolving line secured by your receivables. Draw same day, repay as customers pay.
Explore line of credit VelocityFlexInvoice Purchase
Choose which invoices to sell, from approved customers, when it suits you. One fee, no surprises.
Explore invoice purchase VelocityStretchShort-Term Advance
An incremental advance on top of your existing line for seasonal peaks, delays and opportunities.
Explore short-term advance VelocityTermTerm Loans
Capital for new contracts, bridges and acquisitions, repaid in installments matched to your cash flow.
Explore term loansHow it works
From first call to first draw in weeks, not months
A clear process, run by the people who make the credit decisions.
-
1
Fit check
Answer a few questions or book a call with a senior lender. We tell you quickly whether a facility makes sense.
Day 1 -
2
Proposal in 48 hours
Share your bank statements, AR aging, debt schedule and financial statements. We return a proposal within 48 hours of a complete file.
Within 48 hours -
3
Diligence and documents
Sign the proposal and complete verification through a secure portal. Most facilities close 12 to 15 business days after signing.
12 to 15 business days -
4
Connect and draw
Link your accounting platform to Velocity. Your borrowing base updates as you invoice, and the line pays down as customers pay.
Ongoing
The Velocity platform
Your borrowing base, live, without the paperwork
Every InterNex facility runs on Velocity, our cloud platform. It replaces the spreadsheets, certificates and invoice uploads that make most lines of credit a weekly chore.
- Connects to your accounting platformEligible receivables flow in automatically, so availability updates as you invoice.
- Request a draw online, funded the same dayRequest funds online. No resubmitting financials and no invoice-by-invoice uploads.
- Automatic sweep lowers your interestCustomer payments pay down the balance straight away, so you only pay for capital while you use it.
- Customer payment analyticsSee who pays on time and who does not, and give your collections team a head start.
Illustrative exampleBorrowing base
$8,420,000
DrawnAvailable to draw todayReserve
“InterNex has been a great partner for my company. Their online dashboards give me and my team the information we need at a high level with the ability to drill down into more detail if needed. The platform also provides helpful insights that my collections team can use to target specific customer accounts.”John H. Client (Transportation)
Who we serve
Built for B2B companies that invoice creditworthy customers
If your customers are strong and your terms are long, your receivables can probably do more for you. These are the sectors we finance most often.
Staffing & Workforce SolutionsWeekly payroll against 30 to 60 day client terms.
Transportation & LogisticsPay carriers now, collect from shippers in 30 to 45 days.
IT Services & ConsultingMilestone billing and enterprise payment cycles.
ManufacturingProduction cycles, seasonal demand and long customer terms.
Pharmaceutical & Life SciencesDistributor payment terms of 75 to 120 days.
Business Services & BPOPeople-heavy service businesses with enterprise clients.
Facility ServicesSeasonal, multi-state contracts for large commercial customers.
Oil & Gas ServicesMajor operator customers, long terms, essential work.
We also finance telecommunications, defense and aerospace suppliers, government contractors working through primes, and consumer goods suppliers selling to national retailers.
Client feedback
What our clients say
InterNex has been a great partner for my company. Their online dashboards give me and my team the information we need at a high level with the ability to drill down into more detail if needed. The platform also provides helpful insights that my collections team can use to target specific customer accounts.
Finally seems I am working with someone that is not out for just what I can do for them but actually wants to see my company grow. The product is really well done and easy to use/understand. I have full confidence when I request a draw that the money will be in my account.
InterNex is a great partner. Aside from having an easy to navigate portal, they have been very flexible in addressing our changing business needs. Would highly recommend if you are in need of their type of financing. Very customer service oriented.
Do you qualify?
Most of our clients look like this
If you tick these boxes, we can usually tell you within one call whether a facility makes sense.
Minimum qualifications
- B2B business model with creditworthy commercial customers
- At least two years in business
- Typically $25 million to $150 million in annual revenue
- US-based operations
What you need to apply
- Last three months of bank statements
- Current accounts receivable aging (30, 60, 90+ days)
- Debt schedule, including leases and UCC filings
- Year-to-date and last fiscal year financial statements
FAQ
Questions CFOs ask us first
Anything else, ask a lender directly.
Who is InterNex Capital?
InterNex Capital is a US private credit lender based in Harrison, New York. It provides non-notified accounts receivable lines of credit, invoice purchase, short-term advances and term loans to B2B companies, managed through its Velocity cloud platform.
What are the minimum qualifications?
A B2B business model, at least two years in business, US-based operations and creditworthy commercial customers. Most clients have $25 million to $150 million in annual revenue, and facilities typically start at $2.5 million.
Will my customers know I am using InterNex?
No. Lines are non-notified. Customers pay into an account established in your company's name, so nothing changes for them.
Does my business need to be profitable?
No. InterNex underwrites the quality of your receivables, your customers and your management team. Profitability can improve pricing, but it is not a requirement.
Is there a minimum credit score?
No. InterNex does not underwrite on owners' personal credit scores.
What do I need to apply?
The last three months of bank statements, a current accounts receivable aging report, a debt schedule, and year-to-date plus last fiscal year financial statements.
How quickly can I get funded?
We aim to return a proposal within 48 hours of receiving a complete file. Most facilities close 12 to 15 business days after the term sheet is signed, and draws are then funded the same day.
Talk to a lender
Find out what your receivables can support
Tell us a little about your business. A senior lender will review it and come back to you within one to two business days.
- A proposal within 48 hours of a complete file
- No obligation and no impact on your customers
- Speak directly with a senior lender, not a call center
(646) 849-1800
600 Mamaroneck Ave, Suite 400, Harrison, NY 10528