Celtic Capital Corporation announced its most recent new client relationship – a Pacific Northwest manufacturer of steel products for various industries.
The Company was seeking a new line of credit to replace its current bank line as due to recent losses, its bank asked the Company to find a new lender. Celtic Capital was referred in and provided an Accounts Receivable Line of Credit for $1 million, an Inventory Line of Credit for $250,000 and an Equipment Loan for $482,800, all of which paid off the bank and provided significant additional working capital to aid the Company in achieving its growth targets for the coming year.