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LSQ Delivers $11MM Credit Facility for TX-Based Manufacturer

May 10, 2021, 07:49 AM
Filed Under: Manufacturing
Related: LSQ Funding

LSQ announced the origination of an $11 million credit facility for an award-winning manufacturing company located in the Lone Star State. The manufacturer is scaling and requires a reliable source of working capital via accounts receivable and inventory financing to fulfill contracts with Fortune 500 retailers.

“When people think of LSQ and factoring, they often think of companies in distress. LSQ’s program is also designed for high growth companies who don’t want to be held back by facility size limits, covenants, or cookie-cutter structures. It’s a great way to fuel growth without having to think twice of what your balance sheet looks like or what ratio you’re tripping,” Matt DeBernardo, regional vice president of LSQ, said. “This facility will give our client the ability to leverage both their AR and inventory in order to fill massive POs and scale their business.”

Offering invoice financing and supply chain finance solutions, LSQ has helped thousands of companies access $25 billion in its 25 years in business.

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