An InterNex VelocityLOC line of credit helps mid-sized businesses optimize working capital by leveraging accounts receivable (AR) into a flexible, revolving facility. Unlike traditional factoring or rigid bank lines, this solution aligns availability with your outstanding invoices, giving you immediate access to capital without disrupting your client relationships. This liquidity can be allocated to fund daily operations, bridge working capital gaps, or accelerate growth initiatives.
Is an Asset-Based Line of Credit Right for Your Business?
A revolving LOC is purpose-built for companies with fluctuating or accelerating working capital needs, offering significantly more agility than a traditional term loan.
Before initiating the application process, businesses should evaluate the consistency of their billing cycles and the strength of their B2B customer base. Demonstrating reliable payment histories with creditworthy corporate clients is a foundational credit criterion for our technology-driven ABL facilities.
If you are evaluating whether a revolving facility aligns with your capital structure, our senior lending team can conduct a preliminary analysis. By reviewing your current AR position, we can quickly determine suitability and structure a tailored financing proposal.
Minimum Qualifications for an InterNex VelocityLOC:
- B2B Business Model: A robust pipeline of high-quality corporate or institutional debtors.
- Operating History: Minimum of 2+ years in active operation with verifiable financial performance.
- Revenue Profile: Typically targeting businesses with $25 million to $150 million in annual revenue.
- Geographic Footprint: Operations must be based, or headquartered, within the United States.
Streamlining the Proposal Process: Required Documentation
Once a revolving line of credit is identified as the optimal funding vehicle, the path to a formal proposal requires submitting standard operational and financial disclosures. Our underwriting team leverages these insights to deliver a customized proposal, frequently within 48 hours of complete file submission.
To expedite your evaluation, ensure the following core documentation is prepared:
- Recent Bank Statements: The prior 3 months of bank statements to verify cash flow and clearing activity.
- Accounts Receivable (AR) Aging Report: A current AR aging summary (preferably 30/60/90+ day intervals) to evaluate collateral quality.
- Corporate Debt Schedule: An up-to-date schedule detailing existing senior debt, subordinated debt, equipment leases, or UCC filings.
- Financial Statements: Year-to-date balance sheets, income statements, and the most recent fiscal year-end financials to assess overall leverage and performance.
Underwriting, Approval, and Onboarding
A transparent, well-prepared documentation package accelerates the credit approval process. By understanding the underlying data requirements upfront, prospective borrowers can significantly compress the time from initial submission to first draw.
Upon credit approval and documentation execution, onboarding is executed through a secure, direct integration. By linking your accounting platform to the InterNex platform, your eligible AR automatically establishes and scales your borrowing base.
The InterNex Dashboard Advantage
The proprietary InterNex platform serves as the central interface for your revolving facility. It provides real-time visibility into your borrowing base, available liquidity, and collateral performance. Because the line revolves dynamically (expanding as new invoices are generated and automatically adjusting down as customers remit payments), your business maintains optimal liquidity without the administrative burdens of manual reporting.
Timeline at a glance
InterNex aims to return a proposal within 48 hours of a complete file. Once the term sheet is signed, diligence and documentation typically take 12 to 15 business days, and draws are then funded the same day.