LSQ, a provider of technology-driven working capital solutions, closed a $3 million facility for a manufacturer to the U.S. government. The manufacturer will use the funds to facilitate the acquisition of essential resources.

“I am thankful that we were referred this opportunity by a local banking partner that was unable to meet the client’s debt request due to being an early-stage and high-growth business,” Chris Collins, regional vice president of LSQ, said. “We are excited to be included in their growth story. The line amount is expected to significantly increase, as they are working with multiple nine-figure federal government contracts.”

LSQ is a provider of invoice financing and supply chain finance solutions.