Lighthouse Financial completed a $4,000,000 revolving line of credit to a South Carolina-based manufacturer and distributor of lighting fixtures. The company sells a wide range of interior and exterior lighting products, including pole and wall mounts, suspended lighting, illuminating bollards and columns, recessed wall, inground, and illuminating bench lighting. A leading force in the international lighting market, the company is respected for innovative, attractive indoor and outdoor lighting.

The company experienced elevated freight costs during the Covid-19 pandemic that increased the cost of their raw materials and resulted in losses. As management worked through the higher cost inventory and replaced it with lower cost goods, margins improved. This improvement, in conjunction with a reduction in expenses, resulted in a return to profitability in 2024. However, the company required a new financing partner. Lighthouse structured an aggressive line of credit secured by accounts receivable and inventory that paid down the existing lender and provided significant additional liquidity.