Celtic Capital provided a $1.65 million accounts receivable credit line and an equipment loan to a metal fabrication business based in Moorpark, CA.

The company was referred to Celtic through a trusted banking relationship. The company was being asked to move its lending relationship out of its current bank due to losses created when the company lost its largest customer.

The company has been actively rebuilding its customer base and needed a lender to help it through the rebuilding process. Celtic funded a $1.65 million accounts receivable line of credit and an equipment loan and successfully moved the loan out of the bank.