Celtic Capital closed two deals with new clients.

An Ontario, CA-based manufacturer of precision aircraft parts was seeking financing to consolidate various secured debt and for working capital purposes. As a result of covenant violations, the company’s current lenders wanted to be re-financed. Celtic Capital provided a $675,000 equipment loan. Celtic also referred a veteran credit management company to help the business negotiate and consolidate its trade debt and provide general financial advice.

A Kent, WA-based company specializing in trucking and warehousing of carpet and related products was seeking an A/R line to take out its existing bank and for growth capital. Its current bank had asked to exit the relationship because a non-active guarantor had pulled his guaranty from the bank. Celtic Capital provided an accounts receivable line of $1.2 million to meet the company’s need

Calabasas, CA-based Celtic Capital provides asset-based lending up to $5 million.