Lighthouse Financial completed a $3.75 million credit facility for a Tennessee-based designer and distributor of lifestyle apparel.
The company experienced significant growth in 2021 and needed a more traditional working capital line of credit. Lighthouse Financial structured a revolving line of credit against both accounts receivable and inventory that not only paid out the existing lender, but created a significant amount of additional liquidity. By including in-transit inventory on the borrowing base, Lighthouse Financial maximized availability, helping the company stay ahead of the prevailing supply chain issues currently plaguing most importers.
