Bishop Inc. Receives $1.5-Million Line of Credit

Bishop Inc., an Agoura Hills supplier of design and engineering equipment, said it obtained a $1.5-million line of credit from CoastFed Business Credit Corp.

The funding will be used to “maximize our strong working-capital position,” which will help the company expand, President John J. Theiss said in a statement.

Bishop has struggled in recent years and is now restructuring. In the six months that ended March 31, it lost $361,000 on revenue of $4.95 million.