Lighthouse Provides $4MM Credit Facility to Manufacturer of Lighting Products

Lighthouse Financial completed a $4 million revolving line of credit to a South Carolina-based manufacturer and distributor of lighting fixtures._x000D_
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The company experienced elevated freight costs during the COVID-19 pandemic that increased the cost of its raw materials and resulted in losses. As management worked through the higher cost inventory and replaced it with lower cost goods, margins improved. This improvement, in conjunction with a reduction in expenses, resulted in a return to profitability in 2024. However, the company required a new financing partner. Lighthouse structured an aggressive line of credit secured by accounts receivable and inventory that paid down the existing lender and provided significant additional liquidity.