Celtic Capital funded a $500,000 accounts receivable line of credit and a $700,000 equipment loan for its most recent client relationship, a Pacific Northwest-based custom design and manufacturing company specializing in plastic injection molding, pad printing and assembly.
The company was introduced to Celtic Capital by a trusted referral partner to assist in refinancing its existing bank debt as, due to covenant violations, the bank was seeking to exit the client. The loans accommodated paying off the bank and supported the company’s working capital needs.
