Lighthouse Financial Corp. has provided a $3 million revolving line of credit to a Kentucky-based manufacturer and distributor of frozen foods.  The company offers a diversified line of 22 - 44 oz. skillet meals in a combination of proteins, vegetables, sauces and pastas. The company purchased the assets of a prior manufacturer through a 363 bankruptcy sale in 2015.  A new management team was brought in with the goal of reestablishing the prior sales base and developing an ethnic line of frozen food offerings.    
 
The credit facility was designed to refinance the existing factoring facility & provide additional working capital to support sales growth.  Lighthouse was able to structure an aggressive facility against accounts receivable and inventory, that improved upon the existing structure thus increasing working capital availability to support sales growth as the company continues to gain momentum after the 363 bankruptcy sale.
 
 "Having recently sold my own frozen foods company, I was looking for my next opportunity.  After being approached with this situation, I saw a company with the infrastructure in place to grow into a substantial player in the frozen foods industry with the right financial partner.  Lighthouse stepped in and provided us with a line of credit that will support our working capital needs as we reestablish and grow this business.  They moved quickly to understand the business and put together a creative structure," said the company's CEO and President.

Lighthouse Financial Corp. is a commercial finance company that provides accounts receivable, inventory, and equipment financing to small to mid-sized  businesses with loans between $500,000 and $5 million. Businesses financed include manufacturers, distributors, wholesalers and service companies located in the eastern half of the United States.