Celtic Capital Corporation today announced its most recent new client relationship – a Pacific Northwest manufacturer of steel products for various industries. The company was seeking a new line of credit to replace its current bank line as due to recent losses; its bank asked the company to find a new lender.
Celtic Capital was referred in and provided an Accounts Receivable Line of Credit for $1,000,000, an Inventory Line of Credit for $250,000 and an Equipment Loan for $482,800. This comprehensive financing package paid off the bank and provided significant additional working capital to aid the company in achieving its growth targets for the coming year.
