Daily News: October 3, 2018

Lighthouse Provides $1.75MM Revolver to Manufacturer


Lighthouse Financial completed a $1.75 million revolving line of credit to a North Carolina-based manufacturer of architectural products that include clay masonry bricks and other high-performance building enclosure products for the commercial high-rise, mid-rise, low-rise, multifamily and residential markets throughout the world.

Lighthouse, in conjunction with an SBA term loan, was able to structure a line of credit secured by accounts receivable and inventory that not only paid out the company’s prior lender but provided enough liquidity to bring trade credit current and create additional working capital availability.