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VelocityLOC

Accounts receivable line of credit

VelocityLOC is a revolving line of credit secured by your accounts receivable. Availability grows as you invoice, draws are funded the same day, and your customers never hear from us.

Request a proposal See case studies

At a glance

VelocityLOC

Line of Credit
Facility size
$2.5M to $25M+
Advance rate
Up to 85% of eligible receivables
Draw funding
Same day
Customer notification
None

Terms are structured around each business and subject to underwriting.

Who it is for

US B2B companies invoicing creditworthy commercial customers, typically with $25 million to $150 million in annual revenue and at least two years of trading history.

Benefits

Fast, flexible credit that works around you

Non-notified

Customers keep paying the account they always have, held in your company's name. No notification letters and no payee changes.

Covenant-light

No leverage ratio tests and no borrowing base certificates. We focus on collateral coverage, not last quarter's ratios.

Same-day draws

Request funds through Velocity and receive them the same day. No resubmitting financials every time you draw.

Grows with you

Availability rises as you invoice, and facilities are sized with headroom so a growth spurt does not mean a new lender.

How it works

How VelocityLOC works

  1. 1

    Fit check

    Answer a few questions or book a call with a senior lender. We tell you quickly whether a facility makes sense.

  2. 2

    Proposal in 48 hours

    Share your bank statements, AR aging, debt schedule and financial statements. We return a proposal within 48 hours of a complete file.

  3. 3

    Diligence and documents

    Sign the proposal and complete verification through a secure portal. Most facilities close 12 to 15 business days after signing.

  4. 4

    Connect and draw

    Link your accounting platform to Velocity. Your borrowing base updates as you invoice, and the line pays down as customers pay.

Compare

VelocityLOC compared with a bank line and factoring

 
InterNex VelocityLOC
Typical bank line
Typical factoring
Who your customers pay
Your own account. No notice to customers
Your account
The factor, after notification letters
Financial covenants
Covenant-light. No leverage ratio tests
Leverage and fixed charge covenants
Few covenants, tight invoice control
Ongoing reporting
Ledger sync. No borrowing base certificates
Weekly or monthly certificates and compliance packs
Invoice schedules, copies and verifications
How you draw
Online request, funded same day
Request, often with updated reporting
Submit and verify invoices one by one
Customer concentration
Up to 100% on investment-grade customers
Strict single-customer caps
Approved customers only
Long payment terms
Considered when customers pay consistently
Older invoices drop out early
Fees rise the longer customers take
Speed to close
12 to 15 business days from term sheet
Often 30 to 60 days or more
Fast, at a higher effective cost

Bank and factoring columns describe typical market practice.

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…

All case studies

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.

Request a proposal

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

VelocityLOC questions

More answers on our FAQ page.

Will my customers know I have a line of credit with InterNex?

No. VelocityLOC is non-notified. Customer payments go to an account established in your company's name, so your customers see no change, receive no notification letters and are never asked to confirm invoices.

What do you lend against?

Eligible commercial accounts receivable owed by creditworthy US customers. We do not lend against inventory, and subscription or recurring SaaS revenue is not eligible because it is not yet earned.

Are there financial covenants?

The structure is covenant-light. There are no leverage ratio or fixed charge tests to report against, and no weekly or monthly borrowing base certificates. What matters is collateral coverage for the amount drawn.

What if one customer makes up most of my receivables?

Concentration is not a deal breaker. Where the customer is investment grade and pays consistently, we have provided concentration limits of up to 100%.

How quickly can a facility close?

We aim to return a proposal within 48 hours of receiving a complete file. Most facilities then close 12 to 15 business days after the term sheet is signed.

Other solutions

Combine facilities as your needs change

VelocityFlex

Invoice Purchase

Choose which invoices to sell, from approved customers, when it suits you. One fee, no surprises.

Learn more VelocityStretch

Short-Term Advance

An incremental advance on top of your existing line for seasonal peaks, delays and opportunities.

Learn more VelocityTerm

Term Loans

Capital for new contracts, bridges and acquisitions, repaid in installments matched to your cash flow.

Learn more

Talk to a lender

Request a VelocityLOC 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
What is the nature of your enquiry?

A member of the InterNex team will reply within one to two business days.