Daily News: July 5, 2012

Quad-C, Celtic Provides $3.96 Million to Furniture Manufacturer

Quad-C Funding, LLC provided a $1.5 million inventory secured line of credit and Celtic Capital Corporation provided a $2,460,000 working capital facility secured by accounts receivable and equipment to a Midwest furniture manufacturer.

Proceeds were used to refinance an existing lender and for general working capital purposes.

Quad-C Funding, LLC is an alternative financial service provider specializing in inventory loans and purchase order financing transactions between $250,000-$1.5 million-plus in the Continental United States.

Celtic Capital Corporation is a specialist in providing asset-based financing from $500,000 to $5 million to non-retail businesses in the United States.