Milestone billing
Project-based invoicing creates uneven cash flow against a steady payroll.
IT Services & Consulting
Line of credit for IT services and technology consulting firms
Technology consultancies and IT services firms bill in milestones and wait on enterprise payment cycles while their payroll is fixed. InterNex looks at the quality of your clients, including concentrated relationships with large technology companies, rather than penalizing them.
At a glance
VelocityLOC for IT Services & Consulting
- Facility size
- $2.5M to $25M+
- Advance rate
- Up to 85% of eligible receivables
- Customer notification
- None
- Proposal
- Within 48 hours of a complete file
- Case studies
- 2 in this sector
Terms are structured around each business and subject to underwriting.
The challenge
Where working capital gets stuck
Concentrated client lists
Many firms do most of their work for one or two large technology or government-facing clients.
Fast growth, short history
Firms scaling quickly can outgrow a bank line before the bank is ready to increase it.
How InterNex helps
A line of credit built around how you bill
Your customers keep paying you exactly as they do today. We lend against what they owe you.
- Lines sized to your growth trajectory, with upsize potential.
- Comfort with concentration in large, creditworthy clients.
- 85% advance rates on eligible receivables in many cases.
- Intellectual property can be excluded from the collateral package.
Case studies
IT Services & Consulting facilities we have put in place
Staffing & Workforce Solutions Dallas, Texas
$3MM
Non-Notified Revolving Line of Credit
Flexible Working Capital for an Established IT Staffing Firm
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.
IT Services & Consulting New York, New York
$2MM
Non-Notified Revolving Line of Credit
Working Capital for a Fast-Growing Technology Consulting Firm
A fast-growing New York technology consulting firm scaled from $1.5MM to over $6MM in revenue but needed a working capital solution that could keep pace with milestone-based billing, limited operating…
FAQ
IT Services & Consulting financing questions
Do you finance technology consulting firms with one major client?
Yes. Customer concentration in a large, creditworthy client is something InterNex is comfortable underwriting where payment history supports it.
Will you take a lien on our intellectual property?
Not necessarily. InterNex has structured facilities that exclude intellectual property from the collateral.
Will my customers know I am using InterNex?
No. Lines are non-notified. Customers pay into an account established in your company's name, so nothing changes for them.
Does my business need to be profitable?
No. InterNex underwrites the quality of your receivables, your customers and your management team. Profitability can improve pricing, but it is not a requirement.
Is there a minimum credit score?
No. InterNex does not underwrite on owners' personal credit scores.
Other industries
More sectors we finance
Talk to a lender
Financing for IT Services & Consulting
Tell us a little about your business. A senior lender will review it and come back to you within one to two business days.
- A proposal within 48 hours of a complete file
- No obligation and no impact on your customers
- Speak directly with a senior lender, not a call center
(646) 849-1800
600 Mamaroneck Ave, Suite 400, Harrison, NY 10528