• Bill McLoughlin

LSQ looks to expand factoring, financing to furniture segment

Roger PortaroRoger Portaro
CHARLOTTE, N.C. – LSQ Funding, an invoice finance/factoring firm with more than $2 billion funded annually is expanding its business to encompass the furniture sector and has brought Roger Portaro, a 20-year commercial finance veteran on board as vice president, business development to head the effort.

“LSQ has traditionally focused its marketing efforts on creating distribution through financial channels,” said Portaro. “We have grown to the point where we have resources to support a vertical channel focus, have furniture clients and understand the business.”

Portaro said the company has identified a gap in the under $20 million segment and is looking to provide solutions, including longer purchase order/invoicing cycles, need to inventory financing and need to purchase order financing.

“LSQ looks to align with banks to build hybrid products and assist with exit to banks when ready. We work with banks as a partner,” Portaro said. “We can do this because of our deep relationships with banks. LSQ is not a bank factor, so we can do creative deals to help furniture manufacturers overcome short-term speed bumps.”

He indicated the company can handle fundings from $250 thousand to more than $20 million monthly.

Bill McLoughlinBill McLoughlin | Chief Content Officer
BMcLoughlin@furnituretoday.com

I’m Bill McLoughlin, Chief Content Officer at Furniture Today. In the 25 plus years I’ve covered retail the thing I’ve enjoyed most is the people; hearing their stories, learning about their companies and sharing insights on the business. Through this blog I hope to continue that dialogue. Sometimes you may agree with me, sometimes not. But it’s my hope you will find a fresh perspective and perhaps an idea or two that helps improve your business. I welcome your comments and look forward to a long and productive dialogue.

Web Directory Search
Search for Products/Companies

RSA Insights & Intelligence

RSA-newsletter-logo

RSA Insights & Intelligence gives you, the retail sales associates, critical intelligence and insights. We make it easier for you to sell by providing actionable tips and key takeaways you can and should use for every sale. Check out our latest two articles:
* How to use an implied close
* The low cost of mattresses