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Lighthouse Financial Provides $3.5MM Facility to Florida Distributor

January 14, 2015, 07:11 AM
Filed Under: Distribution

Lighthouse Financial Corp. announced today that it has provided a $3.5 million revolving line of credit to a Florida based distributor of video, voice and data products. Founded in 1982, the company has grown to be a cohesive team of experienced technicians, engineers, administrators, and sales people with decades of experience under their belt.  The company offers from one source, multiple lines of products to completely build and maintain communication systems at cost effective prices.
The line of credit is designed to refinance an existing bank loan and to support working capital needs moving forward. Lighthouse was able to provide an aggressive loan structure on accounts receivable and inventory that completely paid out the existing lender's line of credit and provided excess working capital. 
"This was our first asset based loan outside of a bank, so we were very anxious about the way it would work. Lighthouse really took the time to walk us through all the details related to their asset based financing product and cash management procedures.  We certainly appreciated the time they spent ensuring that we were comfortable with the entire process," said the company's president.

Lighthouse Financial Corp. is a commercial finance company that provides accounts receivable, inventory, and equipment financing to small and mid-sized businesses with loans between $500,000 and $4 million. Businesses financed include manufacturers, distributors, wholesalers and service companies located in the eastern half of the United States.

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