LSQ originated a $30 million accounts receivable credit facility for a New York-based staffing company.

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

“The market for highly skilled temporary staffing services is booming,” said LSQ Senior Regional Vice President DJ Krystopa. “But sometimes the payment terms can put firms in a bind with their weekly payroll obligations. Having this facility to accelerate their invoices is going to be a great asset for the company to grow and take advantage of opportunities.

“As always, we are thankful for the trust the client has put into LSQ to support their working capital needs.”