Lighthouse Financial Corp. announced it has provided a $3.25 million line of credit to an Ohio-based distributor of beverages and snack foods. The company was founded in 2000 by three gentlemen to distribute a now widely successful energy drink in Ohio.  Since then the company has  added wine, breakfast items and snack foods to their product catalogue. The distribuiton area includes all of Ohio and northern Kentucky.              
 
The line is designed to refinance an existing bank loan and to support working capital needs as the company rebuilds sales volume after the loss of a major brand. Lighthouse was able to provide an aggressive loan structure on both the  accounts receivable and inventory that allowed the company to exit from the prior lender. The facility also created significant additional working capital to support the company's recovery and growth.

Lighthouse Financial Corp. is a commercial finance company that provides accounts receivable and inventory financing to small and mid-sized businesses with loans between $500,000 and $3 million (higher with participants). Businesses  financed include manufacturers, distributors, wholesalers and service companies located in the eastern half of the United States. Lighthouse loans are typically used to fund growth and expansion, financial restructuring and refinancing, debtor-in possession financing, acquisitions, partner or shareholder buy-outs and business turnarounds. Client companies generally have annual revenues between $4 million and $50 million.