FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Lighthouse Financial Provides $3.1MM Credit Facility to Healthy Snack & Supplement Company

Date: Sep 24, 2024 @ 07:30 AM

Lighthouse Financial completed a $3,175,000 credit facility for an Atlanta-based manufacturer and distributor of healthy snacks and supplements. The facility includes a $3,000,000 Revolving Line of Credit and a $175,000 Term Loan.

The company is committed to industry innovation and delivers the most unique and effective snacks and supplements in the market. As a GMP Certified Manufacturer, the company upholds the highest quality standards in the industry.

Due to accounting issues and mounting debt costs, the company experienced losses in prior years. Through the combination of the right investment partners, improved financial management, and innovative new products, the company has returned to profitability. However, the company was in need of a new financing partner. Lighthouse not only structured an aggressive line of credit secured by accounts receivable and inventory, but added a term loan that paid down the existing lender and provided significant additional liquidity.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.