Lighthouse Financial completed a $5 million credit facility for a private equity-backed home décor distributor based in North Carolina. The company designs, imports and distributes branded textile and non-textile products to thousands of retailers across North America.
The company experienced revenue decline during the COVID-19 pandemic as a result of retail store closures followed by supply chain challenges. As a result, it enhanced its efforts to increase B2C sales and add efficiencies to the business. The company and its private equity backers looked for a lending partner that could help the business navigate through the current challenges caused by inflation and higher interest rates. Lighthouse Financial structured an aggressive line of credit secured by accounts receivable and inventory to support the business.
