LSQ entered an agreement with Infor Nexus, a global supply chain platform and division of Infor, to provide the company’s network of suppliers access to early payments through LSQ FastTrack supply chain finance program.
LSQ hired Brian Rieber as vice president of working capital solutions. In his role, Rieber will be focused on helping companies create supply chain finance programs to meet their liquidity needs.
LSQ, a provider of working capital finance and payments solutions, announced a partnership with Indiana-based Rochester Iron & Metal to provide a supply chain finance (SCF) program to its metal processing and recycling suppliers.
LSQ originated a $5 million credit facility for a Texas-based commodities logistics company, which will use the capital to fund growth with several steel manufacturers. Prior to the new facility, the company had a relationship with LSQ through one of its customer’s supply chain finance programs.
LSQ forged a partnership with the Michigan Minority Supplier Development Council to provide working capital assistance to minority-owned businesses in myriad industries across the state of Michigan.
LSQ, a provider of technology-driven working capital solutions, highlighted its key achievements for 2020, including the continued growth of its LSQ FastTrack working capital platform and its origination of more than $188 million in AR financing.
LSQ added Vikas Shah as executive vice president of supply chain finance. Shah will lead the development of the company’s supply chain finance platform, LSQ FastTrack.