Daily News: June 13, 2018

Lighthouse Financial Provides $1.55MM in Line Increases


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.