LSQ Provides $1MM Factoring Facility to Healthcare Startup

LSQ, a leading provider of working capital solutions, announced the origination of a $1 million facility for a high-growth startup in South Florida.

The healthcare business was referred to LSQ and required a sustainable solution to improve cash flow related to net 60 billing terms.

Southeast Regional Vice President for LSQ, Chris Collins, commented that “LSQ’s solution allows the startup to accelerate growth plans rather than taking their foot off of the pedal or bringing on additional investors that would dilute ownership. This opportunity was referred to us by a great broker partner of ours, signifying their confidence that we could get this deal funded in a timely manner.”

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