Carriers want paying now
Carrier payments go out in days while shipper invoices take weeks to clear.
Transportation & Logistics
Line of credit for freight brokers, 3PLs and logistics providers
Brokers and 3PLs are light on hard assets and heavy on receivables. You pay carriers quickly, then wait 30 to 45 days or longer for shippers to pay. InterNex lends against those receivables so volume growth never stalls for lack of cash.
At a glance
VelocityLOC for Transportation & Logistics
- 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
- 3 in this sector
Terms are structured around each business and subject to underwriting.
The challenge
Where working capital gets stuck
Too new or too fast for the bank
Spin-offs and fast-growing brokers often lack the audited history a bank wants to see.
Volatile volumes
Shipment volumes, rates and margins swing with the freight cycle, and a fixed bank line cannot flex with them.
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 borrowing base that rises automatically with invoice volume.
- Non-notified, so large shippers keep paying you exactly as before.
- Facility upsize potential built in for brokers heading toward $100 million in revenue.
- Refinancing of bank lines and merchant cash advances into one scalable facility.
Case studies
Transportation & Logistics facilities we have put in place
Transportation & Logistics Lehi, Utah
$7MM
Non-Notified Revolving Line of Credit
Scalable Working Capital for a Rapidly Expanding 3PL
A fast-growing 3PL spun off from an established trucking and logistics company was too new for its bank, and its largest customers would not work with a factor. InterNex provided…
Transportation & Logistics Chicago, Illinois
$6MM
Non-Notified Revolving Line of Credit
Stabilizing a Mid-Market Freight Brokerage Through a Downturn
A mid-market logistics provider with more than $60MM in annual revenue needed additional liquidity to navigate shipment volatility, margin pressure and a cyclical industry downturn.
Transportation & Logistics Atlanta, Georgia
$2.5MM
Non-Notified Revolving Line of Credit
Streamlining the Capital Structure of a Global Logistics Provider
Traditional banks were not a fit for this global logistics provider because of its fragmented debt structure and existing leverage. InterNex provided a $2.5MM non-notified revolving line of credit that…
FAQ
Transportation & Logistics financing questions
Do you lend to asset-light freight brokers?
Yes. Freight brokerage is one of the industries InterNex finances most often, because brokers hold substantial receivables even without owning trucks.
Can a newer logistics company qualify?
It can. InterNex financed a 3PL spin-off that was less than two years old by focusing on the quality of its customers and the experience of its leadership team.
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 Transportation & Logistics
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