Cash tied up in production
Materials, labor and overheads are paid long before finished goods are invoiced and paid for.
Manufacturing
Working capital line of credit for manufacturers
Manufacturers fund materials and production long before their customers pay. InterNex lends against the receivables you create when you ship, giving custom and contract manufacturers liquidity through seasonal peaks and production cycles.
At a glance
VelocityLOC for Manufacturing
- 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
Seasonal demand
Order books swing through the year, and a fixed line does not flex with them.
Complex capital structures
Existing lenders and investors can make adding a new facility complicated.
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.
- A revolving line that tracks your invoicing through peaks and troughs.
- Facilities that work alongside your existing capital structure.
- Non-notified, protecting relationships with enterprise and institutional buyers.
- Term loans to fund capacity for a large new order.
Case studies
Manufacturing facilities we have put in place
Manufacturing Chicago, Illinois
$6MM
Non-Notified Revolving Line of Credit
Flexible Working Capital for a Custom Payment Card Manufacturer
A custom payment card manufacturer serving financial institutions and major enterprise clients needed a more flexible working capital solution to support seasonal demand, production cycles and future growth.
Pharmaceutical & Life Sciences Bridgewater, New Jersey
$3.5MM
Non-Notified Revolving Line of Credit
Working Capital for a Specialty Pharmaceutical Manufacturer in Growth Mode
A specialty pharmaceutical developer and manufacturer in rapid growth mode needed working capital to fund product development, commercialization and expanding operations in a highly capital-intensive industry.
FAQ
Manufacturing financing questions
Do you lend against inventory?
No. InterNex lends against accounts receivable. Manufacturers whose borrowing need is mainly inventory are usually better served by an inventory lender.
Can the facility work alongside our existing lenders?
Often, yes. InterNex has structured lines alongside existing capital structures, including subordinated debt.
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 Manufacturing
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