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Andy Cagle
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ORLANDO, Fla. (February 12, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $2.5 million accounts receivable credit facility for a Minnesota-based producer of snack foods.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“The company was looking at a variety of different funding options to help support their operations,” said LSQ SVP of Underwriting Michael Singer. “In the end, we were able to work with their current lender to carve out a portion of their accounts receivable to provide them with the availability to accelerate their growth.
“We’re proud they’ve put their trust in LSQ to help fuel their success.”
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, an eCapital company, is a market leader and pioneer in working capital finance and payments solutions. For nearly 30 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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