LSQ, a provider of working capital and payments management solutions, originated a $2.5 million accounts receivable credit facility for a California-based telecommunications hardware company.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. The client was in a position of needing working capital on a short timeline, and LSQ was able to meet its end-of-quarter requirements.
“When we originally talked with the company, they were pursuing some different avenues for working capital,” Amarish Kapadia, regional vice president of LSQ, said. “But after learning more about their business goals and current situation, an accounts receivable facility became the obvious choice to help them get where they want to be. It’s great working with clients who are flexible and open to exploring new options and we are proud to be a partner in their future success.”
