FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Lighthouse Provides $5MM Credit Facility to Importer & Distributor of Testing & Measuring Instruments

Date: Oct 12, 2022 @ 07:30 AM
Filed Under: Manufacturing

Lighthouse Financial completed a $5,000,000 credit facility for an importer and distributor of electronic diagnostic and measurement equipment. The company designs and manufactures tools utilized in the automotive, commercial, industrial, and DIY markets and distributes internationally. The company continually focuses on innovation to meet new requirements and satisfy needs in the electrical market.

After completing its move from California to North Carolina, the company was seeking a local relationship and was referred to Lighthouse. Lighthouse structured an aggressive line of credit secured by accounts receivable and inventory that not only paid off the previous lender but provided ample availability to support the company's continued growth initiatives in North America.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.