ORLANDO, Fla. (March 28, 2022) – LSQ, a leading provider of working capital finance and payments solutions, recently originated a $5 million credit facility for a Colorado oil field service company.
The company will use the additional capital to fund growth and complete the acquisition of a company offering a complementary service.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. The company was referred to LSQ by a strategic partner.
“It’s always exciting to be a part of a company’s growth,” said LSQ Regional Vice President Bill Kirth. “This acquisition will be a huge step for the business and the services they provide. We are thankful for the referral and look forward to a long relationship.”
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.