Celtic Capital announced its most recent new client relationship with a North Carolina-based distributor of furniture and fixtures for the commercial building space.

This business, which has seen considerable growth over the past year and a half, was seeking growth capital. Its financial service advisors referred the business to Celtic Capital to provide accounts receivable financing.

Celtic Capital implemented a $1 million accounts receivable line of credit which was used to pay off a small bank line, catch up on some past due sales taxes and provide working capital to fund the company’s continued growth.