Celtic Capital provided a $1.6 million term loan, a $2 million account receivables line of credit and a $500,000 line of credit to a Colorado-based wood mill and veneer manufacturer.
The new client was referred by a bank to Celtic and was seeking working capital to complete the build-out of its plant. The company started operations the middle of 2019.
Celtic Capital is an asset-based financing company.
Editor’s Note: The original headline for this article included a typo, which has been fixed. ABF Journal apologizes for the error.
