$6MMNon-Notified Revolving Line of Credit
A long-established Midwest marketing firm needed a new working capital partner after covenant constraints with its bank began to limit its growth. InterNex provided a $6MM non-notified revolving line of credit, structured alongside the company's existing subordinated debt.
Client snapshot
$6MM facility
Client name withheld. Facility limit at closing.
A long-established full-service marketing firm specializing in data-driven direct mail, digital marketing, fulfillment and analytics required a new working capital solution due to covenant constraints with its existing bank lender.
The company had built a diversified client base over several decades, serving customers across industries including automotive, healthcare, education and government institutions.
As the business continued to invest in growth initiatives and expanded service offerings, it encountered increasing limitations under its traditional bank facility due to existing bank covenant requirements.
Despite the capital restrictions, the company grew and maintained a strong accounts receivable base supported by recurring customer relationships and diversified revenue streams tied to long-standing enterprise and institutional clients. It needed a flexible working capital partner capable of supporting both ongoing operations and future expansion.
InterNex Capital approved a $6MM non-notified revolving line of credit secured by accounts receivable.
Rather than focusing solely on the company's recent challenges under its bank's covenants, InterNex underwrote the company's long operating history, diversified customer base, recurring revenue profile and growth trajectory.
Customer payments go to an account established in the company's own name, preserving continuity with customers while giving InterNex the collateral control a secured lender needs. The structure enabled the company to refinance its existing bank facility while preserving operational flexibility and supporting future growth initiatives.
For marketing and business services companies, working capital needs are often driven by campaign timing, technology investment, staffing requirements and growth initiatives.
Traditional banks may impose restrictive covenant structures that limit flexibility, while factoring can introduce unnecessary disruption to customer relationships. InterNex Capital provides accounts receivable based financing designed to support growth-oriented service businesses, delivering liquidity while preserving operational flexibility and customer continuity.
Marketing firms often incur operating costs before collecting payment from clients. Receivables-based financing provides liquidity against outstanding invoices, improving cash flow and operational flexibility.
Yes. InterNex Capital evaluates the strength of receivables, customer diversification and overall business fundamentals rather than relying solely on covenant compliance.
Customer payments go to an account established in your company's name. Unlike traditional factoring, the account carries your name rather than the lender's, helping preserve customer relationships.
Yes. Accounts receivable facilities can be structured alongside subordinated debt and other capital providers to preserve existing capital structures while improving liquidity.
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