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.