Celtic Capital was contacted by an East Coast investor about providing an equipment only loan to an Oregon-based circuit board assembly company to aid in his re-purchase of the business.

The investor had originally acquired the company some years before, but had sold it to an ESOP (Employee Stock Ownership Plan) a few years ago. The investor stayed involved with the company and had negotiated a deal to re-acquire it from the ESOP, but needed to leverage some of the assets coupled with the funds he was injecting. Celtic provided a $420,000 equipment only loan to aid the investor in the purchase.

Calabasas, CA-based Celtic Capital provides asset-based lending up to $5 million.