Celtic Capital completed two transactions for new clients totaling $6 million.

A California-based digital advertising agency came to Celtic  looking to refinance some short-term debt and pay off a note from a prior business acquisition. Celtic provided a $3 million accounts receivable line of credit which enabled the company to achieve its refinancing goals.

Celtic’s second new relationship is with a Washington-based distributor of stevia extract products. The company has a sister company in China that manufactures the products and distributes within the U.S. through the Washington company. Management approached Celtic Capital for accounts receivable and inventory facilities totaling $3 million to pay down the sister company and other key suppliers. Celtic provided the requested financing and met the company’s time sensitive deadline.