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Lighthouse Financial Corp. is pleased to announce the completion of a $2,500,000 Revolving Line of Credit to a North Carolina based manufacturer and distributor of construction materials for the single and multi-family residential markets. For decades, the company has been a leader in the construction materials industry, specializing in top-tier building solutions for modern living and setting the standard for excellence in providing high-quality products for multi-family and residential projects.
The transaction was utilized to support an asset purchase related to the spin out of a portion of an existing company along with the continued working capital needs of the business. Lighthouse structured an aggressive line of credit secured by accounts receivable and inventory that not only supported the acquisition but provided ample working capital.
For more information about this transaction and others, please visit our website at www.lighthousefinancial.net.
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