Lighthouse Financial provided $1.55 million in credit line increases for four different clients.
Those transactions included:
- An increase from $3.2 million to $3.5 million for a North Carolina hosiery mill in response to growth in the company’s medical hosiery sales segment
- An increase from $4 million to $4.5 million for a North Carolina wholesale lumber distributor to support increased sales
- An increase from $3 million to $3.25 million for a North Carolina staffing firm to support increased accounts receivable resulting from extended terms to valued clients
- An increase from $3 million to $3.5 million for a Kentucky frozen foods distributor to support accounts receivable related to the acquisition of a new product line
Lighthouse Financial is a commercial finance company that provides A/R, inventory and equipment financing to small and mid-size businesses with loans between $1 million and $5 million.