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Lighthouse Provides $4.25MM Credit Facility to Automotive Components Manufacturer

May 30, 2023, 07:00 AM
Filed Under: Manufacturing

Lighthouse Financial completed a $4,250,000 credit facility for a South Carolina based manufacturer and distributor of a wide array of Tier 1 and Tier 2 solutions, including ISO-certified soundproofing components, adhesives, custom manufacturing safety insulation, and custom packing and shipping materials. The company is a proud veteran-owned business with extensive experience in the Automotive, Packaging and Textile Industries. In addition, the company prides itself on continually improving their clients’ supply chain through custom-designed solutions and a lean approach.

The company's growth led to working capital needs that their current bank could not support. Lighthouse was able to provide an aggressive line of credit against accounts receivable and inventory along with a term loan that paid off the existing lender and provided additional liquidity to support new growth.

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