Daily News: January 23, 2014

Keltic Provides Revolver to General Employment

Keltic Financial Services announced the recent funding of a $6 million senior-secured revolving line of credit to General Employment Enterprises.

Keltic was able to respond quickly to General Employment’s need to refinance their existing facility and provided significant additional working capital and liquidity over their former lender. The primary reason General Employment chose Keltic as a financial partner was to provide the flexibility to accommodate the company’s strategic growth initiatives in 2014 and beyond.

Chicago-headquartered General Employment has been in the business of finding career opportunities for people for more than 100 years.