LSQ Creates $3.5MM Invoice Finance Facility for Hospitality/IT Staffing Firm
May 1, 2024
Source: LSQ
ORLANDO, Fla. (May 1, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3.5 million account receivable credit facility for a staffing firm serving the hospitality and IT industries.
The company was referred to LSQ by a bank partner. The additional working capital will be used to support their rapid growth with additional new contracts.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“Staffing firms often face long payment terms and an inherently seasonal risk in the timing of their receivables and payables,” said LSQ Senior Regional Vice President Chris Collins. “Accelerating payment on their receivables with an invoice finance facility is a great way to counter those terms and mitigate some of the seasonal ebb and flow while allowing for unlimited growth.”
LSQ offers (and partners on) myriad financing options, including accounts receivable, inventory, and supply chain finance in facility sizes up 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 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.