ORLANDO- Nov. 2, 2022, When a critical-response organization mobilizes to assist communities affected by a natural disaster, having enough funds to make payroll and operate effectively should not be an issue. LSQ recently created a USD 12 million accounts receivable finance facility to help Jacksonville, Florida-based Critical Response Strategies, LLC (CRS) focus on the critical work of providing medical staff to assist in the Hurricane Ian relief effort.
LSQ Senior Business Development Officer Kyle A. Rich:
“CRS has been working around the clock since before the hurricane to ensure that critical medical care is available along Florida’s west coast. We are delighted to be working with them to expand the services they offer with additional staff and resources.”
From the initial introduction, LSQ was able to fund the facility in less than two weeks. CRS was able to meet payroll for 130 registered nurses and certified nursing assistants and set up living arrangements for traveling staff in the Ft. Myers area, thanks to the funding line.
Matt Fenner, CFO at Critical Response Strategies:
“When Ian struck, there were a number of traveling healthcare providers working in the area who returned home, as well as permanent, local providers whose lives had been turned upside down by the damage. Lee Health required additional staff immediately to ensure patients continued to receive best-in-class care. We were able to get accelerated funding through LSQ to help deploy those needed clinicians quickly, as well as house them – and, more importantly, keep them there.”
LSQ is a market leader and innovator in the fields of working capital finance and payments solutions. LSQ has been leveraging innovative technology, credit and risk expertise, and proprietary data for over 25 years to help thousands of businesses optimize their working capital, automate and accelerate payments, manage collections, and mitigate risk. Every year, we use our LSQ FastTrack platform to accelerate billions of dollars in payments to businesses and their suppliers, allowing them to obtain the funds they require to grow and thrive. The company’s headquarters are in Orlando, Florida.
In facility sizes ranging from USD 250,000 to USD 200 million, LSQ offers (and partners on) a wide range of options, including accounts receivable, inventory, purchase order, and supply chain finance. We can assist businesses of all sizes and stages in resolving issues such as high-growth, challenged credits, tripped covenants, high debtor concentrations, and bankruptcies.
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