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Lighthouse Financial Corp. Provides $3.9MM Credit Facility to Processor & Marketer of Frozen Food Products

March 15, 2019, 07:00 AM

Lighthouse Financial announced the completion of a $3,924,000 Credit Facility for a North Carolina based manufacturer and marketer of frozen food products.  The transaction included a $3,200,000 Revolving Line of Credit along with a $724,000 Term Loan.
The company lost a substantial seasonal customer leading to short term losses.  However, sales efforts resulted in the acquisition of new, less seasonal customers and overall growth.  Lighthouse provided a term loan secured by machinery and equipment in conjunction with a line of credit secured by accounts receivable and inventory that not only paid out the company's prior lender but created significant additional working capital availability to support growth. 

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