Daily News: March 21, 2013

Celtic Bank Provides $3MM Revolver to Chemical Compound Company


Salt Lake City, UT-based Celtic Bank recently closed a $3 million SBA CAPLine for an engineer and wholesaler of chemical compounds located in Alpharetta, GA.

The revolving credit facility provides for advances up to 80% on eligible accounts receivable (including credit-insured foreign accounts) and up to 35% on eligible inventory, including pre-sold in-transit inventory.