Daily News: November 13, 2014

Lighthouse Provides $1.5MM Facility to Feed Mill

Lighthouse Financial announced that it provided a $1.5 million revolving line of credit to a North Carolina-based feed mill.

The line is designed to refinance an existing bank loan and support working capital needs in response to increasing sales. Lighthouse was able to provide an aggressive loan structure on A/R and inventory that completely paid out the existing lender’s line of credit and provided excess working capital.

Founded in 1986, the company is a second-generation, family-owned business that manufactures agricultural feed sold in the local market.