Celtic Capital Corp. announced its most recent new client relationship—a Pacific-based company specializing in precision metal stamping and sheet metal fabrication. The transaction was an acquisition, with the seller referred to Celtic Capital by a trusted referral partner.
After discussing the deal with both parties, Celtic Capital provided the buyer with a $500,000 Accounts Receivable Line of Credit and a $304,500 Equipment Loan, enabling the payoff to the seller’s bank. Close collaboration between the buyer and seller was instrumental in the successful closing of the acquisition.