Celtic Capital partnered with a tree and other vegetation services company for both commercial and residential use to provide a $1.39 million equipment-only loan.
Due to a drop in revenue, the company’s current bank was asking it out. Celtic Capital was able to provide the equipment-only loan for working capital while the company sold excess equipment to pay down the bank debt. The additional loan from Celtic Capital allowed the company to pay off the bank in its entirety and provided the company with additional liquidity.
