LSQ Provides $7.5MM AR Facility to Marketing Services Firm

LSQ, a provider of technology-driven working capital solutions, originated a $7.5 million AR facility, including a $3.1 million payoff to the first position lender, for a marketing services firm.

Demand for the firm’s services is normalizing following a COVID-19-related revenue slump in 2020. It will now have sufficient capital to fulfill orders and 2021 business development goals via this facility with LSQ.

"This deal was generated from a notable source, and I am grateful that the solution LSQ provided was beneficial to all," Kyle Rich, senior vice president and business development officer for LSQ, said. "More importantly, LSQ helped put the client on an attainable growth path."