The Georgia-based company will use the additional working capital to support growth
ORLANDO, Fla. (February 1, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million account receivable credit facility for a Georgia-based auto parts manufacturer.
The company was referred to LSQ by a wealth management advisor. The additional working capital will be used to pay off an existing line of credit and support manufacturing growth after a change in ownership.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“The manufacturer is in a great place for explosive growth in their business and the additional working capital and services from this facility gives them the tools to take advantage of the available opportunities,” said LSQ Senior Regional Vice President Chris Collins. “We appreciate the faith they put in LSQ as a trusted partner in their success and the confidence the wealth management advisor has in us to support their client.”
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.