LSQ recently originated a $10 million factoring credit facility within an expedited timeline for an Amazon vendor. The business, which reported a doubling in year-over-year sales growth, experiences seasonal boosts in demand for its fitness, health and recreational products.
By leveraging invoice financing to increase working capital, the vendor will now have sufficient liquidity to capitalize on seasonal opportunities and also expedite payments to suppliers without narrowing cash position.
“LSQ’s team responded quickly to meet the client’s short timeline to access the working capital needed to pay the vendor before [Lunar] New Year,” Chris Collins, regional vice president of sales for LSQ, said. “The accelerated funding process provided the financial support to the client to ensure that they remain an integral buyer with the vendor to meet their customers’ e-commerce product demands.”
