Lighthouse Financial completed a $3.2 million credit facility to an Atlanta based manufacturer and distributor of healthy snacks and supplements. The facility includes a $3 million revolving line of credit and a $175,000 term loan. The company is committed to industry innovation and delivers the most unique and effective snacks and supplements in the market.
Due to accounting issues and mounting debt costs, the company experienced losses in prior years. Through the combination of the right investment partners, improved financial management and innovative new products, the company has returned to profitability. However, the company was in need of a new financing partner. Lighthouse not only structured an aggressive line of credit secured by accounts receivable and inventory, but added a term loan that paid down the existing lender and provided significant additional liquidity.
