Celtic Capital Corporation announced its most recent new client relationship – a job shop manufacturer of large, high-quality metal gears used in various industries such as automotive and aerospace. This Company, in business since 1981, has suffered since the death of the owner in 2018. A hired CEO was terminated in 2023 and a well-known turnaround firm was brought in to right the ship. The Company’s bank elected not to extend its financing.

A trusted referral partner contacted Celtic Capital to provide funding to repay the bank and provide significant additional funds for trade debt and ongoing working capital. Celtic Capital provided a $2.5 million Accounts Receivable Line of Credit and a $1.9 million Equipment Loan to meet the Company’s needs.