Lighthouse Financial completed a $5 million credit facility for an importer and distributor of electronic diagnostic and measurement equipment. The company designs and manufactures tools utilized in the automotive, commercial, industrial and DIY markets and distributes internationally. The company continually focuses on innovation to meet new requirements and satisfy needs in the electrical market.
After completing its move from California to North Carolina, the company was seeking a local relationship and was referred to Lighthouse. Lighthouse structured an aggressive line of credit secured by accounts receivable and inventory that not only paid off the previous lender but provided ample availability to support the company’s continued growth initiatives in North America.