LSQ recently originated a $3 million account receivable credit facility for a Georgia-based auto parts manufacturer.

The company was referred to LSQ by a wealth management advisor. The additional working capital will be used to pay off an existing line of credit and support manufacturing growth after a change in ownership.

As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.

“The manufacturer is in a great place for explosive growth in their business and the additional working capital and services from this facility gives them the tools to take advantage of the available opportunities,” said LSQ Senior Regional Vice President Chris Collins. “We appreciate the faith they put in LSQ as a trusted partner in their success and the confidence the wealth management advisor has in us to support their client.”