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LSQ Provides $3MM to U.S. Government Contractor
February 2, 2021
Source: LSQ
LSQ, a leading provider of technology-driven working capital solutions, announced that the company originated a $3 million facility for a growing manufacturer to the U.S. government. The injection of capital via invoice financing will facilitate the acquisition of essential resources so that the manufacturing company can scale to meet the sizable demand implicit with their designation as a government contractor.
"I am thankful that we were referred this opportunity by a local banking partner that was unable to meet the client's debt request due to being an early-stage and high-growth business," commented LSQ regional vice president, Chris Collins. "We are excited to be included in their growth story. The line amount is expected to significantly increase as they are working with multiple nine-figure federal government contracts."
Offering invoice financing and supply chain finance solutions, LSQ has helped 1000s of companies access $25 billion in its 20+ years in business.
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