LSQ Creates $3MM Invoice Finance Facility for IT Staffing Firm
ORLANDO, Fla. (July 30, 2024) – LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an IT staffing firm.
The company was referred to LSQ by a banking partner that was unable to support funding facility increases.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“It’s no secret that companies across a variety of industries have been extending payment terms to their contingent workforce vendors,” said LSQ Senior Regional Vice President Chris Collins. “This leads to a working capital squeeze that makes it hard for staffing companies to grow. This facility will go a long way in helping the firm meet its payroll obligations and take on new clients as opportunities arise.”
LSQ offers (and partners on) myriad financing options, including accounts receivable, inventory, and supply chain finance in facility sizes up to $200 million. We can help companies of all sizes and stages solve for high growth, challenged credits, tripped covenants, high debtor concentrations and bankruptcies.
About LSQ | lsq.com
LSQ is a market leader and pioneer in working capital finance and payments solutions. For more than 25 years, LSQ has leveraged innovative technology, credit and risk expertise, and proprietary data that empowers thousands of businesses to optimize their working capital, automate and accelerate payments, manage collections, and mitigate risk. Every year, we accelerate billions of dollars in payments to businesses and their suppliers through our LSQ FastTrack platform to help them obtain the funds they need to grow and thrive. LSQ is headquartered in Orlando, Florida. Learn more at www.lsq.com.
