Mfr & Distributor of Pest Repellants – NJ
Mfr. & Distributor of Pest Repellants
$2,750,000
Revolving Line of Credit
New Jersey
About This Deal
LIGHTHOUSE PROVIDES AGGRESSIVE FACILITY TO REPEL WORKING CAPITAL ISSUES
This company’s passion is creating all-natural, plant-based pest control products that offer uncompromised product performance and are safe for your family and the planet. Due to balance sheet leverage, the existing bank would not increase the company’s line of credit to support growth and suggested the company seek alternative financing. Lighthouse structured an aggressive line of credit secured by accounts receivable and inventory that not only paid out the bank completely but provided significant additional liquidity.