Fourshore Partners Acquires Celtic Capital
Fourshore Partners acquired Celtic Capital, a financial services company specializing in asset-based lending to middle-market companies in the United States.
Fourshore Partners acquired Celtic Capital, a financial services company specializing in asset-based lending to middle-market companies in the United States.
Celtic Capital has a new client relationship with two Washington-based affiliated companies in the environmental and industrial hygiene consulting business. Celtic Capital provided a $1 million accounts receivable line of credit to handle the companies’ anticipated growth.
Celtic Capital provided a $1.25 million accounts receivable line of credit and a $250,000 inventory line of credit to a California-based powder coating job shop for the automotive industry.
Celtic Capital provided a $460,500 equipment loan to a Washington-based steel fabrication and installation business.
Celtic Capital revealed a new client relationship with a California-based commercial printing company. The company experienced a drop in revenue due to the pandemic and was in violation of certain loan covenants with its bank.
Celtic Capital provided a $500,000 accounts receivable line of credit and a $630,000 equipment loan to a Pennsylvania-based CNC machine shop that serves various industries, including power generation.
Celtic Capital provided a $1 million accounts receivable line of credit to a California-based manufacturer of precision metal stamping, welding and automated assembly products for various industries.
Celtic Capital established a new client relationship with two affiliated businesses in California, providing a $1 million accounts receivable line of credit and a $276,800 term loan on equipment.
Celtic Capital provided a $900,000 accounts receivable line of credit and a $300,000 inventory line of credit to a Washington-based distributor of solar equipment and hardware.
Celtic Capital provided a $1 million accounts receivable line of credit, a $175,000 term loan and a $150,000 inventory line of credit to a Washington-based cutter/packer of meat products for restaurants and food service companies.