InterNex Capital’s Asset-Based Loans Now Available to SMBs
Recently, Bizfi, the premier fintech company with a platform that combines aggregation, funding and a marketplace on a single platform for small businesses, expands its business lending capabilities through a funding partnership with InterNex Capital, an asset-based digital lender.
The partnership will allow SMBs in manufacturing, wholesale, trucking, business and consulting services to apply for and access an asset-based revolving line of credit from $250,000 to $5 million through the Bizfi marketplace at Bizfi.
Along with short-term financing, equipment financing, SBA loans, and many other products, small businesses that require $250,000 or more can easily and quickly apply for the revolving line of credit online. In addition to InterNex, the Bizfi platform features 45 lenders providing financial options to small businesses in the United States. Bizfi also acts as a direct lender on the platform.
“Our goal is to provide every small to mid-sized business with the right product. We saw an uptick in manufacturing, transportation, logistics and other sectors that would benefit from having an asset-based lending option, so we found a partner that could meet this demand,” said John Donovan, CEO of Bizfi. “InterNex offers a great product for businesses looking to access a revolving line of credit based on account receivables with a considerably higher financing threshold. They make a welcome addition to the Bizfi marketplace.”
InterNex Capital is a balance sheet lender providing a non-notified revolving solution that enables your business to access cash as needed.
“We are pleased to be a strategic financial partner of Bizfi as they expand their financial solutions and we are very excited to provide Revolving Lines of Credit up to $5 million for businesses seeking financing through the Bizfi platform” said Paul DeDomenico, CEO, InterNex Capital. “We share the same vision of providing customers with the optimal financing solutions through an integrated technology platform that can help them develop and grow their businesses.”