Celtic Capital Corporation announced its most recent new client relationship – a Pacific- based company manufacturing components for the electronics and communications industry.
This Company learned that its bank was exiting the relationship due to a recent merger with another bank. The bank contacted Celtic Capital to acquire this, and other loans of the portfolio it was exiting. For this Company, Celtic Capital provided $3,250,000 in Accounts Receivable and Inventory Lines of Credit, a $668,710 Equipment Loan and a $500,000 Capital Expenditure Loan to acquire the loan from the bank.