Stay flexible
Access extra liquidity when you need it most, without renegotiating your main facility.
VelocityStretch
Short-term advance for temporary liquidity gaps
VelocityStretch is an incremental short-term advance that complements an existing VelocityLOC or VelocityFlex facility, for the moments when your needs run ahead of your availability.
At a glance
VelocityStretch
- Advance size
- $100K to $1M
- Term
- Up to 12 months
- Repayment
- Regular scheduled payments
- Available to
- Existing InterNex clients
Terms are structured around each business and subject to underwriting.
Who it is for
InterNex clients facing a seasonal order, a delayed customer payment, a high-growth period or an unplanned expense.
Benefits
Fast, flexible credit that works around you
Manage the unexpected
Navigate short-term, unplanned events while keeping control of your business and cash flow.
A short-term boost
Secure an advance with regular repayments over a defined term.
Built on your line
Designed to complement VelocityLOC or VelocityFlex, so approval draws on a relationship we already know.
How it works
How VelocityStretch works
- 1
Tell us the need
Explain the gap: a seasonal order, a delayed payment or a new opportunity.
- 2
Proposal
We size the advance against your existing facility and send terms.
- 3
Approval
Complete any final information requests.
- 4
Funding and repayment
Receive the advance and repay with regular scheduled payments over the agreed term.
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
VelocityStretch questions
More answers on our FAQ page.
Who can apply for a short-term advance?
VelocityStretch is designed for businesses with an existing VelocityLOC or VelocityFlex facility.
What is it typically used for?
Seasonal orders, delayed customer payments, high-growth periods and unexpected expenses that temporarily exceed available working capital.
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 VelocityFlexInvoice Purchase
Choose which invoices to sell, from approved customers, when it suits you. One fee, no surprises.
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 VelocityStretch 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