Celtic Capital provided a $1 million accounts receivable line of credit and a $250,000 inventory line of credit to a manufacturer of prefinished doors, trim and custom millwork for residential builders.
This company was referred to Celtic Capital by one of its subordinated lenders that Celtic Capital has worked with previously, as well as by a former client who sits on the company’s board. The company was seeking financing to repay its current bank and for ongoing working capital.
