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Lighthouse Provides $4.5MM Credit Facility to Distributor of Lighting Products

March 06, 2024, 07:10 AM
Filed Under: Distribution

Lighthouse Financial Corp. completed a $4,500,000 credit facility to an Ohio-based distributor of lighting products. The company prides itself as "your one-stop shop for lighting products". By combining high-quality materials and proprietary technology, the company has created the brightest flashlights on the market. Their selection of products include LED flashlights, LED headlights, camping lights, batteries and more.

The company experienced rising freight costs during the Covid-19 pandemic leading to increased costs of inventory and losses. As the company worked through the higher cost inventory and replaced it with lower cost goods, margin improved and profitability returned in 2023. However, the company was in need of a new financing partner. Lighthouse structured an aggressive line of credit secured by accounts receivable and inventory that not only paid out the existing lender but provided significant additional liquidity.

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