$9MMNon-Notified Revolving Line of Credit
A multi-state facility maintenance provider serving large commercial and logistics customers needed scalable working capital to support rapid growth, seasonal demand and expanding operations across 15 states.
Client snapshot
$9MM facility
Client name withheld. Facility limit at closing.
The company provides facility maintenance, snow removal and landscaping for large commercial and logistics customers. Rapid growth, seasonal peaks and expansion across 15 states meant labor and operating costs ran well ahead of customer payments.
A large share of its receivables was owed by its biggest commercial customer, a level of concentration many lenders will not accept.
InterNex Capital delivered a $9MM non-notified revolving line of credit that provided the liquidity to fund labor and operational growth while helping the business stabilize cash flow and scale toward its long-term revenue goals.
Facility services businesses carry crew and operating costs through peak seasons and get paid on commercial terms. A line of credit sized to the receivables of large commercial customers turns that seasonality into a manageable cycle.
Yes. Availability rises with invoicing in peak seasons and the balance falls as customers pay, so the line follows the business cycle.
Concentration with a creditworthy commercial customer is not a barrier at InterNex. It is assessed on the strength of that customer.
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