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LSQ Creates $18MM Facility, AR Management Program for Home Lighting Fixtures Distributor
August 17, 2022
By LSQ
ORLANDO, Fla. (August 17, 2022) - LSQ, a leading provider of working capital finance andpayments solutions, recently originated an $18 million credit facility for a distributor of lighting and ceiling fans serving big-box retailers nationwide. The facility includes both accounts receivable and inventory financing.
The company will use the additional capital to fund growth, innovation, new designs and improve existing products and services.
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 former client.
“At LSQ, we are focused on providing solutions for companies with complex financial situations” said Chris Collins, LSQ Regional Vice President. “This was one of those cases and we are appreciative of the client for trusting us to put together a combination of financing that provided them with the working capital they needed both short term and long. “This deal wouldn’t have been possible without the trust of a former client who trusted us enough to make a referral and the inventory finance partner that helped with part of the solution.”
LSQ offers (and partners on) myriad options, including accounts receivable, inventory, purchase order 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 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.