LSQ, a leading provider of working capital financing and payments solutions, recently originated a US$30m accounts receivable (AR) credit facility for a New York manufacturer, packager and distributor of pharmaceutical and consumer healthcare products.
The company will utilise the facility to diversify its lender group, allowing the company to continue its growth trajectory.
In addition to the working capital, LSQ will also provide the company with comprehensive accounts receivable and customer credit management.
“Over the last year, we have seen quite a different credit environment and this deal is the perfect example of, by working with an existing bank partner, we can create an innovative financing solution to help a company grow,” said LSQ Chief Channel Development Officer Miguel Serricchio. “We appreciate the trust that the referral partner and the client has put in LSQ.”
