Celtic Capital announced its most recent new client relationship – a privately- owned manufacturer of precision manufactured components and assemblies in the Eastern Midwest.
The Company, in business since 1957, approached Celtic Capital to provide an Equipment-Only Loan as they were going to be financing their accounts receivable and inventory through another asset-based lender. The combination of the Celtic Capital loan and the revolving loan would pay off the Company’s current bank.
Celtic Capital provided a $2.5 million Equipment Loan and subsequently participated with the revolving lender for $1.5 million on the Accounts Receivable and Inventory Lines of Credit.
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