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LSQ Provides $1MM Factoring Facility to Healthcare Startup

June 15, 2021, 07:10 AM
Related: LSQ Funding

LSQ originated a $1 million facility for a high-growth startup in South Florida. The healthcare business was referred to LSQ and required a sustainable solution to improve cash flow related to net 60 billing terms.

Southeast Regional Vice President for LSQ, Chris Collins, commented, “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. 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.”

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