Daily News: June 3, 2019

Celtic Provides $1.5 Facility to Imaged Products Firm


Celtic Capital provided a $1.3 million accounts receivable line of credit and a $200,000 inventory line of credit to a Washington-based manufacturer of imaged products. The company creates stationary, drinkware, and wall décor imprinted with custom artwork for souvenirs, gifts and home use.

The company was in violation of bank’s loan covenants causing the owners to reach out to Celtic Capital for new financing. Celtic was able to provide a facility to give the company additional working capital.