Celtic Capital closed a $750,000 facility for a Greendale, IN-based company that provides co-packing, warehousing and fulfillment-related services.

The company approached Celtic looking for an accounts receivable line of credit and an equipment loan to repay its current bank debt and provide additional working capital for growth. The company’s bank had opted not to renew its line of credit. Celtic provided a total facility of $740,000 and closed in the timeframe the company needed to satisfy its bank.

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