Daily News: September 12, 2018

Celtic Provides $750K Facility for Staffing Agency

Celtic Capital completed a $750,000 accounts receivable line of credit for an Oregon-based provider of computer staffing personnel.

The company had worked with another asset-based lender for many years, but the company’s management was asked to find alternative financing as the loan was under the lender’s minimum size requirement. The existing lender referred the company to Celtic.

Celtic replaced the company’s existing $750,000 accounts receivable line of credit to fully repay the current lender and to provide the company with a line that met the company’s needs.