LSQ originated a $1.5 million credit facility for a woman-owned industrial auto parts manufacturer and supply-chain management company.
The company will use the additional capital to expand their operations.
As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. The company was referred to LSQ by a strategic partner.
“We are excited to work with companies like this one,” said LSQ Regional Vice President, Sales and Bank Partnership Development DJ Krystopa. “The facility will give them the working capital they need to achieve their goals and grow their business.”
“As always we are appreciative of the referral and the faith our partners put in us to help their clients.”
LSQ was able to get the client funded in 19 days from the initial engagement with the partner.