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Lighthouse Provides $3.75MM Credit Facility to Designer & Distributor of Lifestyle Apparel

January 19, 2022, 07:00 AM
Filed Under: Apparel

Lighthouse Financial completed a $3,750,000 credit facility for a Tennessee-based designer and distributor of lifestyle apparel. The company prides itself on bridging the gap between lifestyle and performance with a constant eye on ultimate style and quality.

The company experienced significant growth in 2021 and needed a more traditional working capital line of credit. Lighthouse structured an aggressive 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 maximized availability helping the company stay ahead of the prevailing supply chain issues currently plaguing most importers.

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