Lighthouse Financial provided a $4 million revolving line of credit to a designer, manufacturer and wholesale distributor of bedding, bath and related home textile products.

Founded more than 30 years ago, the company has a wholesale distribution channel comprising hundreds of U.S.-based retailers.

The company owns and operates a fulfillment center and manufacturing facility in South Carolina and believes that lead-time-to-ship is critical. By committing significant investment to inventory, technology and personnel, the company strives to ensure that orders ship within 24 hours of order receipt.

The credit facility was designed to refinance an existing line of credit with a commercial bank. Lighthouse focused on structuring a line against accounts receivable and inventory that followed and supported the seasonal working capital needs of the borrower. As a result, the facility created a substantial amount of working capital availability at close.