$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
Client name withheld. Facility limit at closing.
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.
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.
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.
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.
No. The facility is non-notified, so there is no change to how clients pay you.
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