LSQ Creates $8MM Facility for Paint Manufacturer

Company will use additional liquidity from LSQ to manage seasonality

ORLANDO, Fla. (March 2, 2023) – LSQ, a leading provider of working capital and payments management solutions, recently originated an $8 million credit facility for a Texas-based paint and paint products manufacturer and distributor. The company, which also has retail operations, will use the additional working capital to manage seasonality within their industry and build inventory for upcoming peak demand.

As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. The enterprise, which is a private equity portfolio company, was referred to LSQ by a strategic banking partner.

Collins

“Too often we see businesses get trapped in this vicious cycle of an accounts receivable and accounts payable timing mismatch,” said LSQ Senior Regional Vice President Chris Collins. “With this new facility, the company can ramp up inventory for the spring and summer when the demand for paint is at its highest.

“As always, we are proud to have been selected by the company and the private equity firm as a partner and are thankful for the referral.”

LSQ offers (and partners on) myriad 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 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.