Celtic Capital provided a $3.9 million accounts receivable line of credit for an Oregon-based, full-service rubber and plastics extrusion and molding manufacturer.
The client serves the railroad, marine, defense, and mining industries, among others. Due to covenant violations with its bank, company management approached Celtic for financing to pay off the bank and to provide additional working capital to fund the company’s 2019 growth plans.
Celtic also provided a $312,000 equipment loan.
