American Micro – Ohio

LIGHTHOUSE “PARTNERS UP” TO GET THE DEAL DONE

This company’s global expertise and capabilities in micro and high precision manufacturing has allowed it to uniquely serve a variety of high-technology markets including aerospace, diesel/off-road vehicles, fluid power, medical/dental devices, and more. The company experienced revenue decline during the Covid-19 pandemic as a result of customer shutdowns followed by supply chain challenges. Despite efforts to increase sales and reduce expenses, the company needed to find a new lending partner to support working capital and growth. Lighthouse partnered with another highly experienced asset-based lender to provide an aggressive line of credit secured by accounts receivable and inventory and a term loan secured by equipment to support the business as it returns to profitability.  Lighthouse underwrote the line of credit and sold a participation to its lending partner who provided the term loan.