$3.5MMNon-Notified Revolving Line of Credit
A specialty pharmaceutical developer and manufacturer in rapid growth mode needed working capital to fund product development, commercialization and expanding operations in a highly capital-intensive industry.
Client snapshot
$3.5MM facility
Client name withheld. Facility limit at closing.
Product development, scaling operations and rising working capital needs all competed for the same cash as the company moved new products from development to revenue.
InterNex Capital provided a $3.5MM non-notified revolving line of credit that delivered immediate liquidity, supported new product launches and gave the company the flexibility to scale as revenue growth accelerated.
The company was integrated into Velocity, our cloud-based AR management platform.
Pharmaceutical and life sciences companies often sell to large, creditworthy distributors and health systems. Those receivables can support a line of credit that funds the next launch without diluting ownership.
Yes. Receivables owed by creditworthy commercial customers can support a revolving line that funds development and commercialization costs.
No. The facility is non-notified.
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