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Lighthouse Financial Provides $2.15MM to Protective Fabric Manufacturer

November 03, 2015, 07:03 AM
Filed Under: Manufacturing

Lighthouse Financial Corp. announced it has provided a $2 million revolving line of credit and a $150,000 term loan to a Tennessee based manufacturer of specialty textiles.  Since 1982, the company has been manufacturing flame resistant, cut resistant and thermal fabrics for military, fire & rescue, racing and industrial use. The line will be used to support the working capital needs of the company in response to increasing sales.  Through creative structuring, Lighthouse was able to leverage the accounts receivable, inventory, and machinery & equipment to provide the additional working capital necessary to support the company's continuing growth.

Lighthouse Financial Corp. is a commercial finance company that provides accounts receivable, inventory, and equipment financing to small to midsized  businesses with loans between $500,000 and $4,000,000. 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 sales of between $4 million and $50 million.

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