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LSQ Provides $5MM Working Capital Facility, AR Management Program for California Trucking Firm

May 13, 2022, 07:28 AM
Filed Under: Trucking

LSQ created a $5 million working capital facility and accounts receivable management program for a California-based trucking and logistics company.

The company will use the additional capital to support growth and new customer acquisition.

In addition to the working capital facility, LSQ will provide the company with comprehensive accounts receivable and customer credit management. The trucking company was referred to LSQ by strategic partner DELCO Advisory Group.

“It was a pleasure working with the partner and client on this deal,” said LSQ Senior Business Development Officer Kyle A. Rich. “In my 11 years at LSQ, this was one of the most responsive clients I have worked with so we were able to get them funded in three weeks. We look forward to helping the company achieve its growth goals.”

“LSQ is excited about entering into this partnership and are looking forward not only to continuing to help them grow but helping them operationally as well,” said Emily Lebron, LSQ Senior Underwriter. “Their eagerness to close helped us analyze the risk and get them to the finish line quickly.”

Jeff Delli Paoli, CEO of DELCO Advisory Group, credited the LSQ team for helping to get the deal done so quickly.

“Working closely with the LSQ team was a very positive and pleasant experience,” said Delli Paoli. “They listened to the needs of the client, helped set realistic expectations, and were able to fund within 3 weeks.”

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