Success Stories

• Regional Staffing Company - $125,000 Accounts Receivables Financing Facility
• Florida Based Seafood Wholesaler - $1mm Accounts Receivables Financing Facility
• Midwest-based delivery service - $250,000 Accounts Recievable Financing Facility
• Distribution Company - $200,000 Receivable Financing Facility
• Pastry Manufacturer - $250,000 Receivables Financing Facility
• Manufacturing Company - $400,000.00 Receivable Financing Facility
• Northeast Based Printer - $500,000 Receivables Financing Facility
• Electronics Components Distributor - $1,000,000 Receivables Financing Facility
• Audio/Visual System Manufacturer and Designer Midwest Based A/V System Manufacturer - $250,000 Receivables Financing Facility
• Carpet Manufacturer Success Story Southeast Based Carpet Manufacturer- $150,000 Receivable Financing Facility
• Manufacturer/Distribution Company - $150,000 Receivable Financing Facility

Regional Staffing Company - $125,000 Accounts Receivables Financing Facility

Challenge
Due to their ability to quickly source quality workers at reasonable rates, a local staffing company was able to establish itself as one of the most dependable and sought after providers in their area. They built their reputation on hard work and superior client service. Business remained strong and their customers soon began to request larger and larger staff loads. In addition, word of mouth helped spread the message about their service quality, and soon, they had more work than they had capital. While the principals were excited about the opportunity to expand their business and profitability, they had insufficient capital to support any new revenue. In addition to a lack of working capital, they were concerned about their receivable and credit management. Making collection phone calls and mailing customer statements had never been their competency, and they had recently experienced their first bad debt.

Solution
Management applied for a bank loan and considered hiring a new associate to handle their increased administrative workload. Unfortunately, the bank was only willing to extend them sufficient credit to support the prior year's revenue - not much help given their growth plans. Determined to find a credit facility that would support their growth strategy, the principals turned to their accountant. Their accountant referred them to LSQ Funding Group. LSQ worked with management to design a customized factoring program that provided the company with the capital it needed to fund its increased payroll, while offering a dedicated and talented credit and collections team to support their increased administrative needs.

Moral of the Story
LSQ Funding Group works collectively, with its clients, to determine the best financing structure to achieve their business objectives. We develop and implement programs designed to meet their needs, whether increased working capital, comprehensive receivables management services... or both. We can help!

Back To Top

Florida Based Seafood Wholesaler - $1mm Accounts Receivables Financing Facility

Challenge
After less than a year, this seafood wholesaler had all the makings of a true success story except for the proper amount of funding and back office support necessary to sustain its rise in the marketplace. The business received a tremendous amount of financial backing to build their processing facility and generate their product. Customers were excited to buy product and inventory was ready to be shipped. Orders were large and the customers expected payment terms so, almost immediately, the company tapped out all of their initial financial resources. Replenishing inventory for future orders became impossible. In addition, the company did not have adequate staff to manage the process of maintaining credit lines on their customers and collecting outstanding receivables. Since bank financing was unavailable due to the short time in business, they sought out an alternative solution.

Solution
LSQ Funding Group was able to offer a receivables management solution to meet the company’s credit underwriting, financing and collection support needs. By funding open invoices, the company had money to replenish inventory and fill new orders. LSQ’s expertise in the seafood industry allowed the company to pursue its aggressive business plan while minimizing risk and maintaining a positive cash flow.

Moral of the Story
A good beginning does not always equal sustained success. A desirable product and a solid customer base, coupled with the proper credit management and working capital, can prevent a company from growing itself out of business.

Back To Top

Midwest-based delivery service - $250,000 Accounts Recievable Financing Facility

Challenge
This expediting firm almost ran itself into the ground despite having a sterling reputation with its customer base and a line of credit with a bank. The husband-and-wife owners went through a nasty divorce and the company was taken over by the less experienced and less knowledgeable of the two. An office manager, hired to aid in running the business, embezzled nearly $50,000. The once-loyal customers, now disappointed in the company’s service, stopped calling and started paying late. The bank was concerned about the company’s ability to recover and decreased the line. Cash flow turned into a trickle. The bank called LSQ.

Solution
The ex-spouse returned to run the operations, much to the delight of the customers. Office expenses were cut, prices were raised, staff was reduced and the invoicing system was changed. LSQ was able to fund the larger invoices at a competitive rate, thus being able to pay off the bank line. With the help of LSQ’s account receivable management program, collections were stepped up and customer credit parameters were put in place. Quickly, the company was able to regain stability and even turned a profit.

Moral of the Story
LSQ Funding Group works collectively with its clients, financial consultants, other financial partners and banks to determine the best financing combination available. We develop and implement programs designed to meet their needs, whether it is increased working capital, a comprehensive receivables management program…or both. We can help!

Back To Top

Distribution Company - $200,000 Receivable Financing Facility

Challenge
A business banker had a long term customer that was growing rapidly, and was in need of additional working capital financing (a bigger line of credit). While the customer had always been profitable, its equity position did not justify the credit line it needed to support its growing accounts receivable. And, while the business banker fully understood that his customer's accounts receivable supported the credit line request, he simply could not overcome the leverage guidelines defined by his bank. Meanwhile, the customer, a distributor of high-end specialty foods, was continuing to experience growing demand for its new food lines, and was rapidly approaching the point where it would begin to grow delinquent with its most important suppliers. In an attempt to help his customer with his situation, he recommended a local factoring company. Several weeks later, the customer informed the banker that the factor had over committed and was drastically under delivering. Desperately in need of help to satisfy its growing trade debt, the customer asked the banker for another recommendation.

Solution
The business banker referred his customer to LSQ Funding Group. LSQ was able to provide the customer with a comprehensive, accounts receivable management program at a reasonable rate. LSQ's solution allowed the company to satisfy its extended trade debt, and even take advantage of a few trade discounts. In addition, LSQ's receivable management services allowed the company to reallocate internal resources, improving internal efficiency and avoiding additional head count.

In Closing...
LSQ offered a comprehensive accounts receivable management program at a reasonable rate. Customer expectations were surpassed, and the banker retained a growing successful client. Call LSQ today. We will work with you and your client to tailor a receivable management and financing program that will meet their needs now and into the future.

Back To Top

Pastry Manufacturer - $250,000 Receivables Financing Facility

Challenge
A commercial pastry manufacturing company wanted to expand into a new line of frozen foods, which required new machinery. The current equipment leasing company wanted to lease new equipment to the company, but was worried that with rapid expansion, cash flow challenges would follow. To compound the problem, the company had taken some large orders for the new line, and if the new machines were not delivered within 45 days, the orders would be lost. Although the leasing company had an affiliate, which provided asset based working capital lines, the size of the transaction and the short lead-time did not allow for them to make a proposal. Not wanting to miss a terrific opportunity for themselves or the pastry company, the leasing company introduced LSQ to the pastry company's management.

Solution
After meeting with management and reviewing their application, LSQ determined that the pastry company had an experienced management team and a history of controlled growth. In addition, the orders on hand for the new frozen line were from large well-established customers. The pastry company was a solid family run business with roots firmly entrenched in the local community. LSQ quickly approved the working capital facility, and the equipment leasing company was able to approve their transaction within time for the equipment to be supplied and the orders filled. It was a win-win situation for the client, the leasing company and LSQ.

Moral of the Story
At LSQ, we take a hands-on approach to meeting a client's financial requirements. LSQ works very closely with both our clients and other financial institutions to provide the best solutions for sometimes-difficult situations. By striving to understand the fundamentals and potential of growing business, LSQ is able to provide financing where others cannot.

How LSQ Can Help Your Business
LSQ Funding Group specializes in accounts receivable financing for small to mid-sized businesses. We offer competitive rates and personal service. Most importantly, we provide our clients with a secure, stable financial base. Our contracts can be specified to meet your exact needs, from a minimum of 6 months to a year or more. LSQ Funding Group uses state-of-the-art software to provide you with complete accounts receivable information, and our highly trained staff assumes all back-room operations. As your financial partner, LSQ Funding Group works for your company's success.

At LSQ, we understand the challenges associated with new and growing companies. We offer a comprehensive solution at competitive rates with no hidden costs.

Back To Top

Manufacturing Company - $400,000.00 Receivable Financing Facility

Challenge
The company designs, manufactures and installs control devises used by large manufacturing facilities to manage the amount of electricity they use and produce. These control devices are technically sophisticated, and design and installation often takes 6 months or more. The bank they were borrowing from made the decision to discontinue its small business-factoring program. The company, having relied on the bank to manage their receivables while providing a line of credit, needed to find a replacement quickly. The Company applied for financing at numerous financial institutions, but none seemed willing to design a financing program capable of accommodating their design and installation cycle.

Solution
After receiving repeated declination letters, the owner was introduced to LSQ Funding Group. LSQ took the time to understand their business and was able to meet the unique needs of the company. LSQ Funding Group offered the assistance of an experienced credit team that was able to design a financing program capable of meeting their unique needs. In addition, LSQ's experienced account manager's, in association with the Company, implemented a customized collection solution to meet their accounts receivable needs.

In Closing
At LSQ Funding Group, we understand the challenges faced by new and growing companies. We look at the individual needs of each business and offer comprehensive solutions to help them grow.

Back To Top

Northeast Based Printer - $500,000 Receivables Financing Facility

Challenge
This old line, well-regarded company hit the "perfect storm". They lost their largest account via merger just after they moved into a larger building and purchased a multi million-dollar six-color press! Shortly thereafter, they began to feel the impact of a general economic slowdown that further decreased sales. Ultimately, this one two punch resulted in a financial covenant default and their bank asked them to find a replacement lender for their credit line and equipment loans. Without a replacement lender the company faced foreclosure and bankruptcy.

Solution
The company's financial consultant, aware of LSQ through its involvement in the Turnaround Management Association, asked LSQ to visit with the company. LSQ immediately contacted the company and determined that corrective action had been taken. After determining that the company was on the road to recovery, LSQ agreed to provide a credit line secured by the company's accounts receivable. This, coupled with replacement equipment financing, enabled the company to satisfy the bank and avoid financial disaster. The company now forecasts sales returning to, and exceeding, levels attained before the historic "perfect storm".

Moral of the Story
LSQ Funding Group works collectively with its clients, financial consultants, other financial partners and banks to determine the best financing combination available. We develop and implement programs designed to meet their needs, whether increased working capital, a comprehensive receivables management program...or both. We can help!

Back To Top

Electronics Components Distributor - $1,000,000 Receivables Financing Facility

Challenge
After less than one year in business, a woman-owned distributor of electronic components was awarded a contract with a large national company that was worth over $6,000,000 per year. While winning the contract was very exciting, and a true testament to her hard work, it also created very real challenges. If she accepted the contract, her sales would nearly quadruple, increasing her staffing and warehousing requirements and dramatically increasing her required credit lines with suppliers. With her bank unwilling to increase her modest $50,000 line of credit due to her length of time in business and inability to demonstrate a historical source of repayment, she seriously considered walking away from the very lucrative contract.

Solution
At the recommendation of her banker, she contacted LSQ Funding Group. LSQ worked with the owner to understand the terms of the new contract and the dynamics of her business. LSQ recognized that the owner had sufficient experience, management depth and supply base to support the new contract. She simply lacked sufficient capital to hire additional employees, lease additional warehouse space and sufficiently increase her supplier credit lines. Based on this understanding LSQ offered, and the owner accepted, a $1,000,000 accounts receivable financing facility. LSQ also worked with her suppliers to assure them that sufficient financing was in place to support their increased credit lines. The owner has since accepted the contract and utilized LSQ's $1,000,000 credit line to support her increased growth. The end result for the distributor has been dramatic growth in her business...and an increase in the bottom line.

LSQ Can Help Your Business
At LSQ, we work very hard to understand our clients and their businesses. Our focus is on both where they have been and where they are going. By focusing on the potential of our small business client base, and the strength of their customers, LSQ is able to see beyond current cash flow constraints or historical losses to support their working capital needs.

LSQ Funding Group provides its clients with a secure, stable financial base. Our contracts are specified to meet their exact needs, from a minimum of 6 months to a year or more. As their financial partner, LSQ Funding Group works for its clients' success.

Back To Top

Audio/Visual System Manufacturer and Designer Midwest Based A/V System Manufacturer - $250,000 Receivables Financing Facility

Challenge:
This eleven-month old company started on the fast track and never lost ground. Against the odds, the company was poised to show a profit in its first year of existence. The three owners realized that despite the advantages of the quick start, they needed cash flow support in order to stay current with their vendors and to take advantage of vendor discounts. However, when a bank required a second mortgage on each owner's personal property, they hesitated.

Solution:
The company's business consultant suggested that the company speak to LSQ as an alternative to bank financing. Neither the company's rapid growth nor the desire to keep personal assets off the loan was a hurdle for LSQ. Working capital would be financed by a factoring facility secured only by accounts receivables and capped only by the company's ability to generate an eligible invoice. This arrangement appealed to the owners and allowed them to attain their goal of good vendor relations without sacrificing growth.

Moral of the Story:
LSQ Funding Group works collectively with its clients, financial consultants, other financial partners and banks to determine the best financing combination available. We develop and implement programs designed to meet their needs, whether it is increased working capital, a comprehensive receivables management program...or both. We can help!

In Closing...
At LSQ, we understand the challenges associated with new and growing companies. We offer a comprehensive solution at competitive rates with no hidden costs.

Back To Top

Carpet Manufacturer Success Story Southeast Based Carpet Manufacturer- $150,000 Receivable Financing Facility

Challenge
A floor-covering manufacturer with a reputation for quality, and an ability to meet volume demands was awarded several large contracts with fortune 1000 companies. The owner of the company was excited about the growth that these prospects would bring. However, he was also nervous about the impact these contracts would have on his cash flow. While financially strong, both fortune 1000 companies had reputations for paying slowly. Recognizing that his current credit lines would be inadequate to support these new contracts, he approached his lender to obtain an increase in his credit line. Unfortunately, due to insufficient net worth, their lender was unable to approve the increase for the manufacturer.

Solution
The lender, wanting to support the needs of their long term client, called LSQ for assistance. The following day LSQ met with the floor-covering manufacturer. Within two days of meeting, LSQ received a completed application and approved the manufacturer for financing. Two days later the manufacturer received their first advance.

Moral of the Story
LSQ Funding Group works collectively with its clients, financial consultants, other financial partners and banks to determine the best financing structure for the client. We develop and implement programs designed to meet their needs, whether it is increased working capital, a comprehensive receivables management program...or both. We can help!

In Closing...
At LSQ, we understand the challenges associated with new and growing companies. We offer comprehensive solutions at competitive rates with no hidden costs.

Back To Top

Manufacturer/Distribution Company - $150,000 Receivable Financing Facility

Challenge:
A small manufacturer of boating supplies started to get increased interest from major retailers. They were worried that if large orders came in, they would not be able to afford the cost of manufacturing all of the parts. They also knew that if they did not deliver on the orders, they faced the possibility of losing the customers all together. The owners attempted to get financing through various banks; however, they did not have the past sales to support the amount of financing that they needed. While the company was contemplating the direction that they needed to go, they received two orders that totaled more than their total sales from the previous year. At that point, the company knew that they needed something fast.

Solution:
The owners went back to the bank that maintained their deposit accounts and requested increased financing within two weeks. The banker, knowing that he was unable to approve the request, called LSQ Funding Group. LSQ was able to put together an accounts receivable based financing facility in less than two weeks. The company negotiated terms with their suppliers, who would be paid as soon as product was delivered to the customers.

In Closing...
LSQ was able to offer an accounts receivable management program at a reasonable rate and in a short amount of time. The company was able to retain its customers and add new customers without the worries of negative cash flow. The banker retained their client relationship and received high praise for finding a company that could fund them in such a short period of time.

At LSQ, we understand the challenges associated with new and growing company, and can tailor a program to make sure that those businesses receive the service and financing that they need.

Back To Top