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Flexible Working Capital for an Established IT Staffing Firm

$3MMNon-Notified Revolving Line of Credit

A well-established technology staffing firm generating approximately $20MM in annual revenue needed a more flexible working capital solution to support extended payment terms, project-based billing and a complex capital structure.

Client snapshot

$3MM facility

Non-notified
Industry
Staffing & Workforce Solutions
Location
Dallas, Texas
Annual revenue
Approximately $20 million
Operating history
Well established
Facility
$3MM Non-Notified Revolving Line of Credit

Client name withheld. Facility limit at closing.

The challenge

Enterprise clients paid on extended terms and much of the firm's work was billed by project, while contractors had to be paid on schedule.

A complex capital structure added to the strain, and traditional banks offered limited flexibility in this situation.

Why traditional financing was not a fit

Traditional banks

  • Limited flexibility for extended payment terms and project-based billing
  • Reluctance to work around a complex capital structure

The InterNex Capital solution

InterNex Capital provided a $3MM non-notified revolving line of credit that improved liquidity, refinanced existing obligations and helped the company continue supporting enterprise clients without disrupting customer relationships.

  • $3MM non-notified revolving line of credit
  • Refinancing of existing obligations
  • No change to how enterprise clients pay

The results

  • Improved liquidity
  • Existing obligations refinanced
  • Enterprise client relationships undisrupted

A smarter alternative

IT staffing firms carry payroll for weeks or months before enterprise clients pay. A line of credit that grows as you bill, with same-day draws, keeps contractors paid on time while you keep winning larger programs.

Frequently asked questions

Can an IT staffing firm with extended client terms qualify?

Yes. This firm's enterprise clients paid on extended terms. InterNex looked at the creditworthiness of those clients and structured the line around how the firm bills.

Will enterprise clients know we use InterNex?

No. The facility is non-notified, so there is no change to how clients pay you.

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Talk to a lender

Need a facility like this one?

Tell us about your business and your receivables. A senior lender will 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
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