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Andy Cagle
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ORLANDO, Fla. (December 2, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $30 million accounts receivable credit facility for a New York-based staffing company.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“The market for highly skilled temporary staffing services is booming,” said LSQ Senior Regional Vice President DJ Krystopa. “But sometimes the payment terms can put firms in a bind with their weekly payroll obligations. Having this facility to accelerate their invoices is going to be a great asset for the company to grow and take advantage of opportunities.
“As always, we are thankful for the trust the client has put into LSQ to support their working capital needs.”
LSQ offers (and partners on) myriad financing options, including accounts receivable, inventory, and supply chain finance in facility sizes up to $200 million. We can help companies of all sizes and stages solve for high growth, challenged credits, tripped covenants, high debtor concentrations and bankruptcies.
About LSQ | lsq.com
LSQ is a market leader and pioneer in working capital finance and payments solutions. For more than 25 years, LSQ has leveraged innovative technology, credit and risk expertise, and proprietary data that empowers thousands of businesses to optimize their working capital, automate and accelerate payments, manage collections, and mitigate risk. Every year, we accelerate billions of dollars in payments to businesses and their suppliers through our LSQ FastTrack platform to help them obtain the funds they need to grow and thrive. LSQ is headquartered in Orlando, Florida. Learn more at www.lsq.com.
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