Daily News: July 31, 2012

Keltic Financial Provides $1.75 Million to Sasco Safety


Keltic Financial Services announced the recent funding of a $1.75 million senior secured credit facility consisting of a $1.5 million revolving line of credit and $250,000 term loan to Sasco Safety, LLC. The company, headquartered in Barnwell, SC is a manufacturer of highway safety products that has established a manufacturing and distribution facility in Barnwell, SC.

“Sasco Safety LLC was excited to complete such a smoothly funded deal with Keltic Financial. The working capital that Keltic provided will allow the company to continue to grow; thus creating more manufacturing jobs in the U.S. We had previously been funded by Keltic a number of years ago during which time they played an integral part in the growth of our business. Keltic Financial has proven itself to be a sound financial partner and we expect this to be a long-term funding solution,