Celtic Capital Corporation announced its most recent new client relationship – a Pacific- based electrical maintenance and lighting replacement company for buildings in various commercial industries.
The Company needed to replace its high-priced factoring relationship that would lower their financing cost and provide more flexibility for achieving their revenue goals in the coming year. A trusted advisor, who has been a strong referral partner for Celtic Capital, brought the deal to Celtic, which provided a $1,000,000 Accounts Receivable Line of Credit and paid off the factor.