Author
Andy Cagle
Share
ORLANDO, Fla. (October 8, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $2.5 million accounts receivable credit facility for a California-based telecommunications hardware company.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. The client found themself in a position where they needed the working capital on a short timeline and LSQ was able to meet their end-of-quarter requirements.
“When we originally talked with the company, they were pursuing some different avenues for working capital,” said LSQ Regional Vice President Amarish Kapadia. “But after learning more about their business goals and current situation, an accounts receivable facility became the obvious choice to help them get where they want to be.
“It’s great working with clients who are flexible and open to exploring new options and we are proud to be a partner in their future 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 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.
Stay in the loop
