LSQ, a provider of technology-driven working capital solutions, originated a $1.5 million facility for a South Carolina-based manufacturing company distributing do-it-yourself products to a home improvement retailer.
The client was referred by their commercial banker and brother, who had previous experience with LSQ’s invoice financing product and cash management platform.
“LSQ is pleased that the banker, who is also the brother of our client, recognizes the working capital value we bring to the rapidly growing business on extended credit terms,” Chris Collins, Southeast regional vice president of LSQ, said. “They both appreciated the manner in which we operate and work with bank referrals along with providing a best-in-class account management portal for ongoing operations.”
