Celtic Capital Provides $1.5MM Equipment Loan to Three CNC Machine Shops

Celtic Capital entered into a new client relationship with three CNC machine shops related through common ownership. Two are located in Texas and the other is located in Michigan. The owner approached Celtic Capital for an equipment loan to pay off existing debt and to settle some old liens as the owner’s current lender was exiting the lending business. Celtic Capital provided a $1.5 million equipment loan to meet the company’s objectives.