Manufacturer of Automotive Components – SC

LIGHTHOUSE CREATES ADDITIONAL LIQUIDITY WITH TERM LOAN

The company is a proud veteran-owned business with extensive experience in the Automotive, Packaging and Textile Industries manufacturing ISO-certified soundproofing components, adhesives, custom safety insulation, and custom packing and shipping materials. 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. The debt structure included a $4,000,000 Line of Credit and a $250,000 Term Loan secured by machinery and equipment.