Daily News: February 14, 2013

Lighthouse Financial Closes Four Deals Totaling $6.33MM


Lighthouse Financial recently closed four transactions totaling $6.33 million. The deals include:

  • a $1.25 million revolving line of credit to a North Carolina-based wholesale lumber distributor that refinances an existing bank loan and supports foreign expansion;

  • a $2 million revolver to a North Carolina-based printed apparel distributor which supports projected company growth;

  • a $1.5 million revolver to a North Carolina-based defense contractor to support working capital growth as the company initiates production under multiple awarded defense contracts; and

  • a $1.58 million revolving line of credit term loan to a Delaware-based metal products distributor to support the acquisition of a sixty-year-old company that provides a supply of quality metal products and services throughout the Maryland, Delaware and Virginia regions

    Lighthouse Financial is a commercial finance company based in Greensboro, NC that provides accounts receivable, inventory and equipment financing to small and mid-sized businesses.