LSQ, a provider of working capital and payments management solutions, originated a $12 million accounts receivable credit facility for a Minnesota-based apparel company.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. The facility is the product of a new collaboration between LSQ and a strategic fintech partner.
“This new facility is the culmination of several factors coming together and further proof that through our partnership network and LSQ’s resources, we can provide funding options to meet a variety of liquidity needs for companies of all sizes,” Amarish Kapadia, vice president of Working Capital Solutions at LSQ, said. “I am looking forward to helping this company continue to grow, support American job creation and serve an expanding market.”
