Very long payment terms
National distributors routinely pay on 75 to 120 day cycles.
Pharmaceutical & Life Sciences
Line of credit for pharmaceutical manufacturers and life sciences companies
Large pharmaceutical distributors can take 75 to 120 days to pay. Most lenders see that as risk. InterNex looks at the payment history behind it, and where a distributor pays late but consistently, those receivables can still support your line.
At a glance
VelocityLOC for Pharmaceutical & Life Sciences
- 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
- 1 in this sector
Terms are structured around each business and subject to underwriting.
The challenge
Where working capital gets stuck
Capital-intensive growth
Product development, commercialization and new launches all need funding ahead of revenue.
Few, very large customers
A handful of distributors can account for most of your receivables.
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.
- Long-dated receivables from consistent payers can be included in the borrowing base.
- Flexibility to accommodate revenue growth as products launch.
- Non-intrusive structure that leaves distributor relationships untouched.
- Integration into the Velocity cloud platform for real-time AR management.
Case studies
Pharmaceutical & Life Sciences facilities we have put in place
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
Pharmaceutical & Life Sciences financing questions
Will you lend against receivables from distributors that pay in 90 days or more?
Often, yes. Where a distributor has a long, consistent payment history with you, InterNex can make exceptions that other lenders will not.
Do you work with specialty pharmaceutical manufacturers?
Yes. InterNex provided a $3.5 million non-notified line to a specialty pharmaceutical developer and manufacturer in New Jersey.
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 Pharmaceutical & Life Sciences
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