Celtic Capital established a new relationship with a Tennessee-based provider of concrete polishing and restoration services. The company was looking to refinance its bank debt and mezzanine financing as it was in violation of some loan covenants. The mezzanine lender brought the company to Celtic Capital. Celtic Capital provided a $2 million accounts receivable line of credit, a $400,000 inventory line of credit and a $950,000 equipment loan in order to facilitate the refinance.
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