LSQ originated an $11 million credit facility for a manufacturing company located in Texas. The manufacturer is scaling up and requires a reliable source of working capital via accounts receivable and inventory financing to fulfill contracts with Fortune 500 retailers.
“When people think of LSQ and factoring, they often think of companies in distress. LSQ’s program is also designed for high growth companies who don’t want to be held back by facility size limits, covenants or cookie-cutter structures. It’s a great way to fuel growth without having to think twice of what your balance sheet looks like or what ratio you’re tripping,” Matt DeBernardo, regional vice president of LSQ, said. “This facility will give our client the ability to leverage both their AR and inventory in order to fill massive POs and scale their business.”