Lighthouse Financial has provided a $3.2 million revolving line of credit and a $235,000 term loan to a North Carolina-based manufacturer of medical and non-medical hosiery.

The company was founded in 1927 and, prior to 2014, focused on women’s hosiery including pantyhose, stockings, tights and socks. In an effort to diversify its sales base, the company began manufacturing medical compression hosiery in 2014.

The credit facility was designed to refinance the existing debt and provide additional working capital. Lighthouse was able to structure an aggressive facility against accounts receivable, inventory and machinery and equipment that improved upon the existing structure thus increasing working capital availability to support sales growth related to the medical hosiery segment.

Lighthouse Financial is a commercial finance company that provides accounts receivable, inventory and equipment financing to small to midsized businesses with loans between $500,000 and $5 million.