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LSQ Provides $5MM Facility, AR and Credit Management Program to Commodities Logistics Company

March 03, 2022, 07:13 AM
Filed Under: Specialty Industries

LSQ recently originated a $5 million credit facility for a Texas-based commodities logistics company.

The firm will use the capital to fund growth with several of the country’s largest steel manufacturers. Prior to the new facility, the company had a relationship with LSQ through one of its customer’s supply chain finance programs.

“This is a perfect example of a client that had been working with LSQ to solve its working capital needs with one buyer, but needed support with its other customers,” said Vikas Shah, LSQ Chief Revenue Officer. “Now they have a comprehensive solution with LSQ FastTrack that will allow them to manage all of their receivables in one place and combine AR and supply chain finance to grow their business.”

“Growing this facility is proof positive that the client is happy with the service that we offer - from the affordable funding to the usability and efficiency of the platform,” said LSQ VP/Business Development Officer Kyle A. Rich. “We are excited for their growth possibilities and the part we can play in it.”

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