LSQ Creates $25MM Invoice Finance Credit Facility for Global Pharmaceutical Manufacturer

ORLANDO, Fla. (April 16, 2024) – LSQ, a leading provider of working capital finance and payments solutions, recently originated a $25 million invoice finance facility for the U.S. operations of a global pharmaceutical manufacturer.

The company was referred to LSQ by a broker partner when the client outgrew its existing line of credit with its bank partner. The company is seeing tremendous growth that was putting a strain on its working capital. The new LSQ facility will work alongside the previous bank lending relationship, greatly increasing availability.

“We are grateful for the opportunity to work with this large pharmaceutical company as they continue their upward trajectory,” said Chris Collins, LSQ Senior Regional Vice President. “Their capacity was limited by available funding and I’m glad we could step up to fill the need and are looking forward to being a part of their continued growth.

“And as always, we are appreciative of the faith that the partner put in LSQ to serve the working capital needs of their client.”

LSQ was able to create the $25 million invoice facility in approximately 60 days from the initial introduction. 

“LSQ’s underwriting and legal team was instrumental and diligent in completing this complex structure,” Collins said. “Without this wonderful group, we would not have funded the deal in a timely manner.”

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 nearly 30 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.