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Keltic Funds $6MM Credit Line to General Employment Enterprises

Date: Jan 23, 2014 @ 07:27 AM
Filed Under: Staffing Services

Keltic Financial Services announces the recent funding of a $6 million senior secured revolving line of credit to General Employment Enterprises, Inc.  Headquartered in Chicago, General Employment has been in the business of finding career opportunities for people and people for career opportunities for over 100 years.  The company provides direct hire, contract, and contract-to-hire services in the Accounting, Engineering, and IT fields.

Keltic was able to respond quickly to General Employment's need to refinance their existing facility and provided significant additional working capital and liquidity over their former lender.  The primary reason General Employment chose Keltic as a financial partner was to provide the flexibility to accommodate the company's strategic growth initiatives in 2014 and beyond.

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