LSQ Provides $5MM Credit Facility to Colorado Oil Field Services Company

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.

As part of the partnership, LSQ will also provide the company with accounts receivable and customer credit management. The company was referred to LSQ by a strategic partner.

“It’s always exciting to be a part of a company’s growth,” Bill Kirth, regional vice president at LSQ, said. “This acquisition will be a huge step for the business and the services they provide. We are thankful for the referral and look forward to a long relationship.”