Lighthouse Provides $1,050,000 Term Loan & Extends Line of Credit

Lighthouse Financial Corp. is pleased to announce the completion of a $1,050,000 term loan secured by machinery and equipment in conjunction with a term extension on the existing $3,500,000 line of credit for a froze foods manufacturer. Also included in the transaction is a seasonal line increase to $4,500,000 to support holiday season sales. The North Carolina-based manufacturer of frozen foods used the proceeds of the term loan to consolidate five existing loans in order to improve cash flow by lowering monthly debt service. Working closely with management, Lighthouse was able to design an overall financial package that allows the company to comfortably manage its working capital needs and continue to seek growth opportunities.

For more information about this transaction and others, please visit our website at www.lighthousefinancial.net.