New credit line provides growth capital and financial flexibility as industry conditions improve
HOUSTON, TX (July 27, 2021) — Infrastructure Networks, Inc. (“iNet”), a leading remote communications and IoT solutions provider to critical infrastructure industries in the Continental U.S., announced today that it has
entered into a new credit facility with Pacific Western Bank Business Finance.
“We are delighted to be entering into a business relationship with Pacific Western Bank.”, said Nick Anderson, iNet’s chief financial officer. “They have been great to work with throughout the process of establishing our new
credit facility, the proceeds from which will provide iNet with additional resources to pursue key strategic growth initiatives and success-based capital projects.”
“We are pleased to be delivering financing to iNet as they work to expand their services to reach a broader range of clients across the United States,” said Matt Lernor, managing director of Pacific Western Bank Business Finance. “Their depth of knowledge of the IoT solutions space is key to the future of many industries from coast to coast.”