Celtic Capital funded $1.15 million in accounts receivable and inventory lines of credit as part of its most recent new client relationship with a California-based company that distributes dry and frozen vegetarian food products.
Beginning operations in 2004, this family owned and operated business was asked to find alternative financing by their bank after their bank was acquired by a larger bank.
The bank referred the owner to Celtic Capital, whose funding gave the borrower the capital to pay off the bank and provided for additional working capital.
