LSQ Provides $6 Million Facility To Digital Security Company

LSQ originated a $6 million credit facility late in the fourth quarter to a virtual credential solutions company gearing up for hyper-growth.

After developing their product and receiving stellar feedback from the market, the company identified a need for capital to fuel their growth.

By financing their accounts receivable, the business will now have the liquidity needed to continue to scale their operations and take advantage of future opportunities without the impediments related to net terms and insufficient working capital.

“Our credit facility is designed to be flexible and scalable, allowing the business to remain focused on their pipeline and product,” said Elena Anemogiannis, regional vice president of sales for LSQ. Having access to a third option, outside of traditional debt or equity, has the potential to rewrite their growth story.”