Miami-based Blue Star Foods Corp. and its subsidiary Coastal Pride Seafood have entered into a loan agreement with North Carolina-based Lighthouse Financial Corp. for a $5 million (€4.2 million) revolving line of credit for a 36-month term, according to documents the companies filed with the US Securities and Exchange Commission (SEC).
The focus of Lighthouse Financial’s business is providing asset-based commercial loans to small and mid-sized manufacturers, wholesalers, distributors, and business service companies that are unable to secure financing from traditional banking sources, according to the company.
