LSQ Provides $1MM Factoring Facility to Healthcare Startup

LSQ, a provider of working capital solutions, originated a $1 million facility for a startup healthcare company in South Florida.

The healthcare company was referred to LSQ and required a sustainable solution to improve cash flow related to net 60 billing terms.

“LSQ’s solution allows the startup to accelerate growth plans rather than taking their foot off of the pedal or bringing on additional investors that would dilute ownership,” Chris Collins, southeast regional vice president at LSQ, said. “This opportunity was referred to us by a great broker partner of ours, signifying their confidence that we could get this deal funded in a timely manner.”