Lighthouse Provides Facility to Voice Products Distributor
Lighthouse Financial announced that it has provided a $3.5 million revolving line of credit to a Florida-based distributor of video, voice and data products.
Founded in 1982, the company has grown to be a cohesive team of experienced technicians, engineers, administrators, and sales people with decades of experience under their belt. The company offers from one source, multiple lines of products to completely build and maintain communication systems at cost effective prices.
The line of credit is designed to refinance an existing bank loan and to support working capital needs moving forward. Lighthouse was able to provide an aggressive loan structure on accounts receivable and inventory that completely paid out the existing lender’s line of credit and provided excess working capital.