ORLANDO, Fla. (April 25, 2023) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $7.5 million credit facility for a Florida-based telecom field services firm. The company will use the additional working capital to support current operations and growth.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“The firm is poised for tremendous growth and by accelerating capital through this facility, they are going to be able to take advantage of the opportunities they have,” said LSQ Senior Regional Vice President Chris Collins. “We are proud the private equity group chose us to partner with them and we look forward to supporting them as they grow their platform.”
“We worked with the private equity group during the company’s acquisition to ensure everything was in order for them to hit the ground running,” said LSQ Senior Business Development Officer Kyle Rich. “Lately we have seen a dramatic increase in partnerships with private equity firms and family offices. They have unique needs and it’s gratifying helping their portfolio companies with the funding they need to operate and grow.”
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.