LSQ originated a $3.5 million account receivable credit facility for a staffing firm serving the hospitality and IT industries.

The company was referred to LSQ by a bank partner. The additional working capital will be used to support their rapid growth with additional new contracts.

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

“Staffing firms often face long payment terms and an inherently seasonal risk in the timing of their receivables and payables,” said LSQ Senior Regional Vice President Chris Collins. “Accelerating payment on their receivables with an invoice finance facility is a great way to counter those terms and mitigate some of the seasonal ebb and flow while allowing for unlimited growth.”