EJ Victor – NC

THE RIGHT FIT

This company, based in North Carolina’s famous furniture heartland, manufactures both case good and upholstered furniture.  For 30 years, the company has been recognized industry-wide for its exquisite quality, service, and value.  The company’s bank was acquired by a larger regional bank which determined that the loan relationship was too small.

The $3,000,000 request fit right in the middle of Lighthouse’s lending range of $1,000,000 to $5,000,000.  Lighthouse structured an aggressive line of credit secured by accounts receivable and inventory that completely paid out the existing bank and created significant additional working capital availability to support continuing operations.