Celtic Capital provided financing to its most recent client relationship, a Pacific-based distributor of shrink wrap and other packaging supplies. After violating loan covenants, the company was asked by its bank to secure alternative financing.
A trusted third party referred the company to Celtic Capital. Celtic Capital provided an $800,000 accounts receivable line of credit and a $300,000 inventory line of credit to pay off the bank in full and provide additional working capital to support the company’s growth plans.
