ORLANDO, Fla. (March 2, 2022) – LSQ, a leading provider of working capital finance and payments solutions, recently originated a $5 million credit facility for a Texas-based commodities logistics company.
The firm will use the capital to fund growth with several of the country’s largest steel manufacturers. Prior to the new facility, the company had a relationship with LSQ through one of its customer’s supply chain finance programs.
“This is a perfect example of a client that had been working with LSQ to solve its working capital needs with one buyer, but needed support with its other customers,” said Vikas Shah, LSQ Chief Revenue Officer. “Now they have a comprehensive solution with LSQ FastTrack that will allow them to manage all of their receivables in one place and combine AR and supply chain finance to grow their business.”
“Growing this facility is proof positive that the client is happy with the service that we offer – from the affordable funding to the usability and efficiency of the platform,” said LSQ VP/Business Development Officer Kyle A. Rich. “We are excited for their growth possibilities and the part we can play in it.”
For deal inquiries, contact Kyle A. Rich at [email protected] or 407.547.2190.
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.