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LSQ Creates $30MM Credit Facility, AR Management Program for New York-based Pharma Company
July 26, 2023
Source: LSQ
ORLANDO, Fla. (July 26, 2023) - LSQ, a leading provider of working capital financing and payments solutions, recently originated a $30 million credit facility for a New York manufacturer, packager and distributor of pharmaceutical and consumer healthcare products.
The company will utilize the facility to diversify its lender group, allowing the company to continue its growth trajectory.
In addition to the working capital, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“Over the last year, we have seen quite a different credit environment and this deal is the perfect example of, by working with an existing bank partner, we can create an innovative financing solution to help a company grow,” said LSQ Chief Channel Development Officer Miguel Serricchio. “We appreciate the trust that the referral partner and the client has put in LSQ.”
“I was very impressed by the speed and efficiency of both the underwriting and execution processes,” said the company’s chief finance officer “Each member of the LSQ team was extremely professional and exhibited expertise at their trade. It was an excellent experience, especially considering the current economic climate.”
For deal inquiries, contact Serricchio at mserricchio@lsq.com or 818.852.5480.
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 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.
