LSQ is a valuable asset to any company needing immediate cash flow To get started and understand the process was a little tuff. The accounting was even harder because you need an LSQ holding account. However, once you understand it and work out the bugs with your LSQ team everything rolls smoothly. Within a month if you are doing it the right way, you feel the relief that it was meant to give you. I am greatful to have started working with LSQ and think they are a valuable asset to any company with a need for immediate cash flow.

Started out decent Started out decent. Moving a few years in, things got stupid. Purchasing invoices but only funding minimal amounts. All that accomplished is keeping us from using a backup service. More and more ineligible invoices etc. Wont fund without proof of shipping. If something goes weird then the equipment has shipped, we are out money or waiting. Recently LSQ allowed one of our customers to issue themselves a credit. We notified LSQ AHEAD OF TIME this was not legitimate and not authorized. Didnt matter, LSQ gave them the credit. What was the result? It erased all of our reserves, marked the customer paid in full AND are telling us we have to pay to zero the balance. All in writing. They cant deny this fraudulent behavior.

Web platform easy to use and clear Web platform easy to use and clear. Good reactivity to release the funds when available. Sometimes it can take a long time to validate the eligibility of some invoices/customers.

Suggestions Overall we are really happy with LSQ and has been of great help to grow the company, we would not have been able to do so without their support. Being this said there’s a few things I think are not fair and/or need to be addressed in order for LSQ to be a long term option for many companies. I understand your business but it hurts us. 1. When LSQ receives checks it takes too long to be cleared. I’ve spoken with my clients and have seen myself their bank accounts and checks appear cleared but still LSQ has it “in process” and this accumulate more fees. 2. Invoice approval takes too long. LSQ team need to be more persistent with clients to have invoices approved faster. Meanwhile, fees are accumulated even though you haven’t fund us. 3. Fees are accumulated on ineligibles, once again I understand your business but we are paying for a service that haven’t been provided (paying for money still not funded) Apart from this, everything runs pretty smooth, great rates, friendly staff. I’m aware that what I mention here , we agreed upon, but we didn’t have the option to opt out and needed a factoring company and we truly appreciate it. I hope that some of this can be worked upon and definitely you’ll have us for many years to come.

Honest, Easy, Pain-Free Dealing with LSQ is a great experience, what they say is what you get. And last but not least, the account reps are always quick to respond.