Celtic Capital provided a $750,000 accounts receivable line of credit and a $516,200 equipment loan to meet the needs of its newest client, a South-Central United States manufacturer of eyeglass lenses. This company was seeking financing to pay off a small bank line of credit and a high-priced merchant cash advance loan, as well as a need for additional working capital to fund the company’s anticipated growth.
Forward for Specialty Finance
Celtic Capital Provides $1.27MM to Manufacturer
The funding consisted of a $750,000 accounts receivable line of credit and a $516,200 equipment loan.
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