Daily News: February 5, 2013

Celtic Closes SBA Deal for Importer of Golf Accessories


Salt Lake City, UT-based Celtic Bank announced it recently closed a $300,000 SBA working capital CAPline with a $75,000 inventory sub-limit for an importer and wholesale distributor of golf accessories located in Phoenix, AZ.

Celtic said the facility was used to refinance a bank operating line where the incumbent lender was unwilling to provide an increase to accommodate growth.