Finance what matters
Select the invoices you wish to sell for approved customers, and leave the rest alone.
VelocityFlex
Invoice purchase on your terms
VelocityFlex lets you convert selected invoices into cash when you choose. Pick the invoices, pick the timing, and receive most of the invoice value straight away.
At a glance
VelocityFlex
- Facility size
- $2.5M to $15M
- Advance
- 85% to 90% of invoice value
- Pricing
- One fee per invoice
- Reporting
- Live in Velocity
Terms are structured around each business and subject to underwriting.
Who it is for
B2B companies that want working capital for specific invoices or customers rather than a committed revolving line.
Benefits
Fast, flexible credit that works around you
No hidden fees
One fee, agreed up front. The balance of each invoice comes back to you once your customer pays.
Detailed reporting
Drill into every invoice and customer in Velocity to manage working capital with confidence.
Pairs with a line
Use VelocityFlex on its own or alongside a revolving line as your needs change.
How it works
How VelocityFlex works
- 1
Fit check
Answer a few quick questions to see whether invoice purchase suits your business.
- 2
Proposal in 48 hours
Submit your application and documents to receive a proposal within 48 hours of a complete file.
- 3
Get approved
Accept the proposal and complete any final information requests.
- 4
Sell and receive
Select invoices for approved customers in Velocity and receive 85% to 90% of the value. The rest, less our fee, follows when your customer pays.
Case studies
Facilities we have put in place
Anonymized examples of how InterNex has structured working capital for B2B companies.
Facility Services Allentown, Pennsylvania
$9MM
Non-Notified Revolving Line of Credit
Scalable Working Capital for a Multi-State Facility Maintenance Provider
A multi-state facility maintenance provider serving large commercial and logistics customers needed scalable working capital to support rapid growth, seasonal demand and expanding operations across 15 states.
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…
Business Services & BPO Midwest
$6MM
Non-Notified Revolving Line of Credit
Flexible Working Capital for a Growth-Oriented Full-Service Marketing Firm
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…
Getting started
What you need to get started
Send these over and a senior lender will review your file. We aim to return a proposal within 48 hours of a complete file.
Minimum qualifications
- B2B business model with creditworthy commercial customers
- At least two years in business
- Typically $25 million to $150 million in annual revenue
- US-based operations
What you need to apply
- Last three months of bank statements
- Current accounts receivable aging (30, 60, 90+ days)
- Debt schedule, including leases and UCC filings
- Year-to-date and last fiscal year financial statements
FAQ
VelocityFlex questions
More answers on our FAQ page.
How is invoice purchase different from a line of credit?
With VelocityFlex you choose individual invoices to sell. With a line of credit you borrow against your whole pool of eligible receivables on a revolving basis.
How much of each invoice do I receive up front?
Typically 85% to 90% of the invoice value. The balance is remitted to you, less one agreed fee, once the invoice is paid.
Can I use invoice purchase alongside other facilities?
Yes. VelocityFlex can sit alongside a VelocityLOC line or a VelocityTerm loan, and a short-term advance can complement it.
Other solutions
Combine facilities as your needs change
VelocityLOC
Line of Credit
A non-notified revolving line secured by your receivables. Draw same day, repay as customers pay.
Learn more VelocityStretchShort-Term Advance
An incremental advance on top of your existing line for seasonal peaks, delays and opportunities.
Learn more VelocityTermTerm Loans
Capital for new contracts, bridges and acquisitions, repaid in installments matched to your cash flow.
Learn moreTalk to a lender
Request a VelocityFlex proposal
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