LSQ, a provider of working capital and payments management solutions, recently originated a $2.5 million accounts receivable credit facility for a Minnesota-based producer of snack foods. As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“The company was looking at a variety of different funding options to help support their operations,” Michael Singer, senior vice president of underwriting for LSQ, said. “In the end, we were able to work with their current lender to carve out a portion of their accounts receivable to provide them with the availability to accelerate their growth. We’re proud they’ve put their trust in LSQ to help fuel their success.”
