LSQ originated twin $1 million accounts receivable finance facilities, totaling to $2 million, for sister software firms offering access management SAAS solutions for numerous industry verticals.
The companies were referred to LSQ by a bank partner. The additional working capital will be used to support new growth and an expanded client base. As part of the partnership, LSQ will also provide the companies with comprehensive accounts receivable and customer credit management.
“The companies are poised for expansion, and, with the added working capital and support services provided by these facilities, they now have the capacity to seize the opportunities,” DJ Krystopa, regional vice president of LSQ, said. “We are grateful for the trust they’ve placed in LSQ as their reliable partner, and we value the confidence shown by their bank in our ability to bolster their client’s business.”
