Joshua
GBTransactions have been smooth Transactions have been smooth, the respect of our clients have been maintained LSQ hasn't been a bugging collector. Was hesitant about companies that provide these services but knowing LSQ works with U.S. Bank gave us confidence that LSQ was not one of those fly by night companies looking to scam you. I am happy to use the services.
Heidy
GBSuggestions 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.
Christynn
GBLSQ for small Businesses LSQ has given my small business the financial freedom to take on more contracts without worrying if the client will pay on time because we know LSQ has our backs! I highly recommend the services LSQ offers!!!!
Chad Sullivan
GBStarted 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.
Kay
GBOur company has worked with LSQ Funding… Our company has worked with LSQ Funding since 2008. They have been supportive through both the good times and the challenging times. Throughout our 12 year relationship, our account management team has always been responsive. If a company is exploring factoring, we would definitely recommend working with LSQ Funding.