In part one of a series on improving corporate social responsibility, Brittany Hooper of LSQ looks at diversity, equity and inclusion in the supply chain and how working capital solutions like supply chain finance can help create more diverse, efficient and equitable supply chains.
LSQ originated a $1 million credit facility for a California-based beauty products manufacturer. As part of the partnership, LSQ will also provide the company with accounts receivable and customer credit management.
LSQ, a provider of working capital finance and payments solutions, acquired Qwil, a San Francisco-based financial technology company that provides early payments to staffing firms.
LSQ created a $5 million working capital facility and accounts receivable management program for a California-based trucking and logistics company, which will use the additional capital to support growth and new customer acquisitions.
LSQ funded a $65 million working capital invoice finance facility for Continuum Global Solutions, a provider of omnichannel contact center services worldwide via voice and non-voice channel, including chat, email and social media.
LSQ originated a $1.5 million credit facility for a Pennsylvania-based manufacturer of briquettes for the steel industry. In addition to the working capital, LSQ will also provide the manufacturer with accounts receivable and customer credit management.
Enservco retired its $13.8 million senior revolving credit facility with East West Bank via a refinancing transaction that includes a $10 million receivables factoring line from LSQ, a $6.22 million master equipment lease from Utica Leaseco and the issue of a $1.2 million convertible subordinated note to Cross River Partners.
LSQ hired DJ Krystopa as its new regional vice president for sales and bank partnership development. In her role, Krystopa will be responsible for building strategic relationships with financial institutions and referral networks to help LSQ grow its offerings to its clients.
LSQ originated a $5 million credit facility for a Colorado-based oil field service company, which will use the additional capital to fund growth and complete the acquisition of a company offering a complementary service.
LSQ, a provider of working capital finance and payments solutions, completed its System and Organizational Controls (SOC) 2 Type 2 third-party audit for its LSQ FastTrack platform.