Celtic Capital Corporation announced its most recent new client relationship – a manufacturer of prefinished doors, trim and custom millwork for residential builders. This Company was referred to Celtic Capital by a subordinated lender to the Company that Celtic Capital has worked with previously as well as by a former client who sits on the Company’s board.
The Company was seeking financing to repay its current bank and for ongoing working capital. Celtic Capital provided a $1M Accounts Receivable Line of Credit and a $250K Inventory Line of Credit to meet the Company’s needs.