Lighthouse Financial Corp. announced it has provided a $2 million revolving line of credit to a North Carolina-based importer and wholesaler of flooring products.  The company prides itself on producing stylish and quality engineered hardwood, Luxury Vinyl Tile (LVT), and laminate flooring which it sells to distributors throughout the US and Canada. After completing a move from Georgia into a new facility in NC, the company was looking for a financial partner to support it's growth.  
 
The line of credit will be used to consolidate debt and to support the working capital needs of the company in response to increasing sales.  Lighthouse was able to structure an aggressive facility against accounts receivable and inventory that not only consolidated existing debt thus improving cash flow but provided additional working capital availability to support growth, all within 40 days.
 
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.