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Andy Cagle
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ORLANDO, Fla. (November 1, 2023) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $1.5 million credit facility for a manufacturer of custom glass and insulated glass units. The company needed the liquidity boost to continue its strategic growth.
“This group has a very exciting trajectory with some new accounts on their books,” said LSQ Senior Regional Vice President Chris Collins. “However, to continue their expansion, they need capital beyond their existing credit facilities. We worked closely with their existing bank to quickly create a solution that allowed the manufacturer to take advantage of the new opportunities while maintaining their existing banking relationships.”
In addition to the finance facility, LSQ is providing the manufacturer with a comprehensive accounts receivable solution, including collections and credit management.
According to Collins, the client’s existing bank relationship and the work of the LSQ underwriting team allowed the client to be funded in 20 days from initial introduction.
“This is the type of solution that we can quickly put together when we leverage the preparedness of the client and their existing bank,” said LSQ Senior Vice President of Underwriting Michael Singer. “When we get a referral that has a working capital need, they are motivated and educated with the underwriting process. In this case, the client had their financial package prepared, which greatly expedited the process.”
LSQ offers (and partners on) myriad financing options, including accounts receivable, inventory, and supply chain finance in facility sizes ranging from $250,000 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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