Lighthouse Financial completed a $6 million credit facility to a Tennessee-based manufacturer and distributor of pharmaceutical products. Founded in 2001, the company markets and sells its own branded product lines of enemas, feminine hygiene products, over-the-counter medications and personal care products. In addition, the company provides contract compounding and packaging for many private label brands. All of the company’s products are made in America by a dedicated team of professionals.
The company experienced severe labor shortages during the COVID-19 pandemic, leading to lost sales and customer shipment compliance charges. Although the labor issues subsided in 2022, the company needed to replace its existing lender. Lighthouse was able to provide an aggressive line of credit against accounts receivable and inventory that paid off the existing lender and provided additional liquidity to support new growth.
