ORLANDO, Fla. (February 27, 2023) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $1.5 million credit facility for a Connecticut-based pet-food wholesaler. The company will use the additional working capital to support growth and manage sales and inventory seasonality.
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 banking partner.
“We are proud to be partnering with such a solid company as they negotiate a difficult economic climate,” said LSQ Regional Vice President of Sales and Bank Partnership Development DJ Krystopa. “This really is a case study for how a forward-looking company can make the most of their working capital, shorten their cash conversion cycle and better manage inventory building during the ‘off season.’”
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.
LSQ was able to fund the company’s new accounts receivable finance facility in less than three weeks from the initial referral.
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.