LSQ, a provider of working capital and payments management solutions, recently originated a $10 million accounts receivable credit facility for a California-based biosolutions company.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“This facility will help ensure the business has sufficient access to cash for their ongoing working capital needs as maintaining healthy relationships with their suppliers has been a key to their success,” Kevin Wright, underwriter, LSQ, said. “We appreciate the opportunity to help support their growth.”
