LSQ Creates $10MM AR Finance Facility for California Biosolutions Company
December 4, 2024
Source: LSQ
ORLANDO, Fla. (December 4, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $10 million accounts receivable credit facility for a California-based biosolutions provider.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“This facility will help ensure the business has sufficient access to cash for their ongoing working capital needs as maintaining healthy relationships with their suppliers has been a key to their success,” said LSQ Underwriter Kevin Wright. “We appreciate the opportunity to help support their 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.