Celtic Capital provided a $460,500 equipment loan to a Washington-based steel fabrication and installation business.
This business, which is a new client for Celtic Capital, had not been financing but needed funds to help fuel expected growth in 2022. Its equity sponsor, looking to finance the equipment, contacted Celtic Capital. After obtaining a subordination from the SBA for the company’s Economic Injury Disaster Loan, Celtic Capital provided the necessary working capital based on the company’s unencumbered machinery and equipment.
