Lighthouse Financial Corp. completed a $5,000,000 Revolving line of credit to a Florida-based manufacturer and distributor of steel products. The company is focused on the value-added processing of steel products for the construction industry using the very latest technology and manufacturing techniques in order to produce quality products while exceeding the highest safety standards.

After being profitable historically, the company incurred losses due to a downturn in the construction industry related to increased interest rates and steel prices which could not be fully passed along to customers. As a result, the company's existing bank asked them to seek alternative financing. The company has since installed new machinery allowing it to run multiple shifts and has returned to profitability and projecting growth. Lighthouse structured an aggressive line of credit secured by accounts receivable and inventory that not only paid out the bank but provided significant additional liquidity to support the company's growth.