Celtic Capital provided a $2 million accounts receivable line of credit to meet the needs of a Pacific-based third-party logistics provider specializing in omnichannel fulfillment, warehouse management and value-added services for premium retail, e-commerce and wholesale brands.
This company, which was not bankable due to recent losses, came to Celtic Capital for a line of credit to support its upcoming growth. Without a current line of credit in place, the company needed support to enhance its working capital position.
