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Andy Cagle
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ORLANDO, Fla. (January 22, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $2 million accounts receivable credit facility for a Georgia-based staffing firm serving lodging and hospitality industry.
The facility presents a landmark milestone for LSQ, as the funding was the result of a new partnership between LSQ and Bridge. Bridge is a focused on democratizing lending with the goal of providing a platform to give businesses easy access to capital sourced from banks and alternative lenders. Bridge uses technology to digitize and optimize the loan search and application process while providing your business with access to some of the most competitive terms on the market.
“Working capital is a critical driver for business growth, and we’re proud to collaborate with innovative partners like LSQ to deliver tailored solutions,” said Rohit Mathur, CEO of Bridge. “By combining our advanced technology with LSQ’s expertise, we ensure borrowers find the best financing options efficiently, empowering them to focus on scaling their businesses with confidence.’
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“We have long had a goal of providing small-to-medium businesses with access to financing options that meet their unique funding needs,” said Miguel Serricchio, chief channel development officer at LSQ. “Our partnership with Bridge – leveraging their innovative approach to that same goal – allows us to give more options to more businesses at a time when traditional financing options are becoming more restrictive.
“For our first funding to be to a minority business enterprise makes the efforts to bring this partnership to fruition even more satisfying.”
About LSQ | lsq.com
LSQ, an eCapital company, 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.
About Bridge | bridgemarketplace.com
Bridge is a technology-driven financial platform transforming how hospitality developers and suppliers access capital. As a leader in Hospitality CRE and Supplier Financing, Bridge delivers fast, transparent, and tailored funding solutions by combining cutting-edge technology with industry expertise. By streamlining the financing process, Bridge enables developers and suppliers to focus on growth and innovation. Bridge has established partnerships with leading corporations, including Hilton, Walmart, Best Buy, Dollar General and Chipotle, to support franchisees and suppliers nationwide. Backed by TTV Capital, Citi Ventures, FinCap, Correlation Ventures, and US Bank Ventures, Bridge is committed to driving value and unlocking new opportunities for its clients. Learn more at bridgemarketplace.com
Media Contacts:
For LSQ: Andy Cagle, [email protected]
For Bridge: Lauren Gomez, [email protected]
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