Pathward Lends $15 Million to LED Manufacturer to Accommodate Growth, Replace Existing Line of Credit

TROY, MICH. – April 2, 2024 – The Commercial Finance division of Pathward®, N.A., today announced a $15 million asset-based line of credit facility to an LED lighting, headrest, and counterweight manufacturer company in Michigan. The financing provides the company with the funding to replace its existing line of credit and to accommodate anticipated growth along with a $1.15 million machinery and equipment term loan to replace its existing term loan.

Pathward’s Commercial Finance products include working capital, equipment financing, insurance premium financing and structured financing, which includes both conventional as well as government guaranteed lending. With representatives across the country and a Canadian foreign representative office, Pathward helps industries nationwide such as transportation, manufacturing, staffing, alternative energy, insurance agencies and technology. Visit Pathward.com to learn more about financing options for your business.

About Pathward®  
Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Banking as a Service and Commercial Finance business lines. The strategic business lines provide end-to-end support to individuals and businesses. Learn more at Pathward.com. 

Pathward Media Relations Contact: 

Courtney Heidelberg 

605.291.7044 

mediarelations@pathward.com