FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


LSQ Originates $18MM Facility, AR Management Program for Home Lighting Fixtures Distributor

August 18, 2022, 07:17 AM
Filed Under: Distribution
Related: LSQ Funding

LSQ originated an $18 million credit facility for a distributor of lighting and ceiling fans serving big-box retailers nationwide. The facility includes both accounts receivable and inventory financing.

The company will use the additional capital to fund growth, innovation, new designs and improve existing products and services.

As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. The company was referred to LSQ by a former client.

“At LSQ, we are focused on providing solutions for companies with complex financial situations” said Chris Collins, LSQ Regional Vice President. “This was one of those cases and we are appreciative of the client for trusting us to put together a combination of financing that provided them with the working capital they needed both short term and long.

“This deal wouldn’t have been possible without the trust of a former client who trusted us enough to make a referral and the inventory finance partner that helped with part of the solution.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.