Celtic Capital provided financing to two companies totaling $3.6 million.

The first transaction was with a Santa Fe Springs, CA distributor of fluid sealing and handling products. Celtic provided an accounts receivable and inventory line of credit and an equipment loan in the amount of $2.386 million.

The second transaction was for a Salem, OR-based manufacturer of shelf-stable bean based food products, which received a $1.250 million equipment-only loan. This business had invested significant capital in developing and bringing to market new products and was looking for financing for the final capital injection. The funding enabled the company to complete their project and strengthen the company’s cash flow.

Celtic is a Calabasas, CA provider of asset-based lending up to $5 million.