LC&D Announces SBA Loan – an Important Step in Providing
Long Term Capital for Expansion into New Products and Markets.

Summary

Lighting Components and Design, Inc., a Deerfield Beach manufacturer of miniature lighting devices, announced that it has closed a $1.5 million SBA loan to fund existing operations and expansion into products and market areas.

Complete Story

David Dickler, Chief Financial Officer of Lighting Components and Design, Inc. (LC&D), announced today that it recently closed a $1.5 million, 10-year SBA loan through First International Bank (a subsidiary of UPS Capital) to fund existing operations and expansion into new products and market areas.

Dickler said: "The incremental funds from this transaction will give LC&D a timely advantage with rapidly developing new applications and new customers, particularly in the Automotive industry and involving LED lighting applications."

Earlier this year LC&D announced completion of a major expansion project which increased its manufacturing assembly floor space by over 75%, increased warehouse capacity through automation, and more than doubled its total production capacity in just twelve months.

Located in Deerfield Beach, Florida, LC&D designs, manufactures and markets products worldwide under the Leecraft and Littelites trade names. The company provides a wide range of Standard and Custom Designed Lampholders, Indicator Lights, LED Modular Arrays, Circuit Board Indicators, Wiring Harnesses and Assemblies.

The company markets its products to OEMs and Distributors in a wide range of industries: Automotive, Electronics, Appliance, Emergency Lighting, Signs, Displays, Gaming, etc.

Pat Kenney, Director of Business Development for First International Bank, said: "It’s a pleasure working with companies like LC&D. Their management is extremely professional, financially savvy, knowledgeable of their industry, and darn good at what they do."

Kenney continued, "This was one of the first major loan transactions following the Bank’s acquisition by UPS Capital on August 7, 2001. I’m pleased to mark the occasion with such a fine company as Lighting Components and Design, Inc."

About First International Bank – A UPS Capital Company
First International Bank (www.upscapital.com), is a world leader in the use of SBA, USDA and Export-Import Bank loans, providing innovative credit, trade and financial solutions for small and medium-sized industrial businesses.

The company has more than 100 experienced lending officers located in 15 U.S. offices, and 14 international representatives. Last year the company originated more than $500 million in loans primarily within its industrial niche, and closed the year with a managed loan portfolio of $1.3 billion

First International Bank, founded in 1955, became a subsidiary of UPS Capital Corporation, the financial services arm of United Parcel Service, Inc. in August 2001.

About Lighting Components and Design, Inc.

For further information about LC&D: who we are, what we do, company history, ISO/TS 16949:2002, recent developments, etc., click here.