Celtic Capital provided a $1.75 million accounts receivable line of credit for a Seattle-based provider of temporary medical staffing.

The company was referred to Celtic by its CPA firm as it needed to replace its bank line of credit due to covenant violations. Celtic was able to provide an accounts receivable line of credit to repay the bank in full and provide the company working capital to support its ongoing cash needs.

Celtic Capital is a Calabasas, CA-based provider of asset-based lending up to $5 million.