Celtic Capital expanded its client development staff with the addition of Bryan Hatfield and Jonathan Bloom as senior vice presidents.
Celtic Capital formed a new client relationship with a California-based distributor and fabricator of sheet metal products and industrial supplies, providing the company with $3.2 million in accounts receivable and inventory lines of credit.
Derrick Wong of Pacific Premier Bank spoke with Rey Abundo of Great Rock Capital and Orrin Belden of Celtic Capital about how the asset-based lending community in California is holding up during the COVID-19 pandemic, providing a potential bellwether for the industry at large.
Celtic Capital provided $2.425 million in accounts receivable and inventory lines of credit to a California-based manufacturer of packaging products primarily used in the healthcare, cosmetics, pharmaceutical and food industries.
Celtic Capital provided a $1.05 facility to an Idaho-based company that designs and manufactures parts and pieces for food processing plants and for construction of primarily steel buildings.
Celtic Capital completed a $1.4 million accounts receivable line of credit for aa California-based company that sells fresh and frozen seafood to wholesale and retail customers.
Celtic Capital provided a $1.3 million credit facility for a California-based company that is a job shop – metal and plastics fabrication.
Celtic Capital closed a $1.15 million accounts receivable and inventory line of credit for a distributor of dry and frozen vegetarian food products.
Celtic Capital funded $1.15 million in A/R and inventory lines of credit for a California-based company that distributes dry and frozen vegetarian food products.