Celtic Capital detailed its most recent new client relationship, a Pacific-based company manufacturing components for the electronics and communications industry. This company learned that its bank was exiting the relationship due to a recent merger with another bank. The bank contacted Celtic Capital to acquire this, and other loans of the portfolio it was exiting.
For this company, Celtic Capital provided a $3.25 million accounts receivable and inventory line of credit, a $668,710 equipment loan and a $500,000 capital expenditure loan to acquire the loan from the bank.
