LSQ Closes $3MM Credit Facility for TN-Based Manufacturer

LSQ, a leading provider of technology-driven working capital solutions, announced that the company originated an additional $3 million facility for an existing textile manufacturing client in Tennessee.

The client, an owner of another subsidiary, immediately needed to replace their existing asset-based lending facility. Their incumbent lender had asked them to exit and find a new lender for working capital due to deteriorating financial performance.

LSQ provided a $3 million accounts receivable credit line and used a third-party inventory lender to provide availability against the growing and out of formula inventory facility.

Southeast Regional Vice President for LSQ, Chris Collins, was “pleased and honored that an existing client enjoyed our initial relationship enough to place another credit facility for one of their subsidiaries with LSQ. It is relationships like these that indicate growing respect and acknowledgment of superior service.”

Offering invoice financing and supply chain finance solutions, LSQ has helped thousands of companies access $25 billion in its 25 years in business.