LSQ, a provider of working capital and payments management solutions, originated a $1.5 million credit facility for a Connecticut-based pet-food wholesaler. The company will use the additional working capital to support growth and manage sales and inventory seasonality.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. The company was referred to LSQ by a strategic banking partner.
“We are proud to be partnering with such a solid company as they negotiate a difficult economic climate,” DJ Krystopa, regional vice president of sales and bank partnership development at LSQ, said. “This really is a case study for how a forward-looking company can make the most of their working capital, shorten their cash conversion cycle and better manage inventory building during the ‘off season.’”
