Celtic Capital Provides $900K in Financing to Specialty Chemicals Company

Celtic Capital formed a new client relationship – an Indiana-based producer of specialty chemicals. The recent pandemic, supply chain disruptions and inflation all impacted this business’s profitability significantly. The company needed to replace an existing bank line, so it approached Celtic Capital for a $750,000 accounts receivable line of credit and a $150,000 inventory line of credit to replace the bank financing and provide working capital to help it effectuate its turnaround plan. Celtic Capital provided the requested financing and the company is off and running on its plan.