$6MMNon-Notified Revolving Line of Credit
A mid-market logistics provider with more than $60MM in annual revenue needed additional liquidity to navigate shipment volatility, margin pressure and a cyclical industry downturn.
Client snapshot
$6MM facility
Client name withheld. Facility limit at closing.
Shipment volatility and margin pressure during a cyclical downturn squeezed the brokerage's cash flow, and its existing bank line did not give it the liquidity it needed to ride out the cycle.
InterNex Capital delivered a $6MM non-notified revolving line of credit with an 85% advance rate on eligible receivables, refinancing the existing bank line and providing the working capital needed to stabilize operations and position the business for recovery.
Freight brokers pay carriers in days and collect from shippers in weeks. When volumes and margins swing, a borrowing base that moves with invoice volume is more resilient than a fixed bank line.
Yes. Many InterNex facilities replace a bank line that has become too small or too restrictive for the business.
Invoices flow from your accounting platform into Velocity, so availability updates as you bill without invoice-by-invoice uploads.
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