Celtic Capital announced the funding of three new client relationships. Celtic’s Cincinnati-based client development officer, Cindy Mustard, completed a November hat-trick funding all three deals.

The first was to a Cincinnati-based print and marketing solutions provider. This family owned business sought a $1 million accounts receivable line to replace a smaller line with a local bank. The bank was unwilling to provide a larger, more flexible, line which Celtic was happy to do.

Another Cincinnati-based company approached Mustard to replace its bank line, as the bank had asked them to find alternate financing due to covenant violations. This staffing and recruitment process outsourcing firm was seeking a $650,000 accounts receivable line to repay the bank and provide additional working capital for growth. A swift due diligence process led to a quick close as the company had a tight timeline with their bank.

Mustard negotiated a $1.695 million accounts receivable, inventory and term loan deal with a Centerville, OH-based plastics molding manufacturer. This ESOP owned business founded in 1924, was asked to find alternative financing by its bank due to covenant violations. The company’s understanding of Celtic’s ability to close as proposed was key to Mustard winning the deal.