Celtic Capital Corporation announced its most recent new client relationship – a job shop manufacturer of lighting fixtures sold into the construction market for both commercial and residential use. This Company, acquired by an equity group in 2021, was being asked out by its bank due to covenant violations.
The bank, a long-time referral partner of Celtic Capital’s, referred the Company to Celtic to help with its transition. Celtic provided a $1,000,000 Accounts Receivable Line of Credit to facilitate the bank payoff.