LSQ, a provider of working capital financing and payments solutions, originated a $30 million credit facility for a security staffing and high-tech security technology company that serves clients across the United States.
The company will use the additional capital to fund growth for its three business entities and to support the hiring of military veterans.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. The company recently outgrew its bank facilities and was referred to LSQ by a Southern California-based partner.
“We are very excited to be working with a company with such high-growth potential,” Kyle A. Rich, vice president of business development at LSQ, said. “We are proud that the broker trusts us enough to make the referral and look forward to a great, long relationship with the firm as they grow.”
