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TSL Express Daily News

The Secured Lender

SFNet's The 81st Annual Convention Issue

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Top 5 Apps for Organizing
Mar 7, 2019

If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
The Importance of Stretching
Mar 7, 2019

Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019

Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019

The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
It’s a Marathon, Not a Sprint
Aug 22, 2018

I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018

As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
It’s Time To Break Up With Your Phone
Jul 18, 2018

Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
Lien Management – What You Need to Know
Jun 6, 2018

UCC filing is the cornerstone of all loans and every lien portfolio...
Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018

By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
How to be a Good Leader
Dec 5, 2017

I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017

The fintech sector has gone through a number of manifestations in the past two decades.
A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017

Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017

It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017

As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017

Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
The Lost Art of the Loan Purchase
Mar 2, 2017

Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017

How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
Back Office Support Services: Helping you approve more clients
Feb 7, 2017

How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017

Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017

Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…

March 5, 2024

Source: Lighthouse Financial Corp.

Lighthouse Financial Corp. is pleased to announce the completion of a $4,500,000 credit facility to an Ohio-based distributor of lighting products. The company prides itself as "your one-stop shop for lighting products". By combining high-quality materials and proprietary technology, the company has created the brightest flashlights on the market. Their selection of products include LED flashlights,LED headlights,camping lights, batteries and more.

The company experienced rising freight costs during the Covid-19 pandemic leading to increased costs of inventory and losses.As the company worked through the higher cost inventory and replaced it with lower cost goods, margin improved and profitability returned in 2023. However, the company was in need of a new financing partner. Lighthouse structured an aggressive line of credit secured by accounts receivable and inventory that not only paid out the existing lender but provided significant additional liquidity.

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

ABOUT LIGHTHOUSE FINANCIAL CORP.

Lighthouse Financial Corp. is a commercial finance company that provides accounts receivable, inventory and equipment financing to small to mid-size businesses with loans between $1,000,000 and $5,000,000.To learn more about Lighthouse, please visit our website https://lighthousefinancial.net/.