Celtic Capital Corporation Announces New Client Relationship

Celtic Capital Corporation today announced its most recent new client relationship – a California-based Company that distributes dry and frozen vegetarian food products. This family owned and operated business, which began operation in 2004, was asked to find alternative financing by their bank after their bank was acquired by a larger bank. The bank referred the owner to Celtic Capital who funded a  $1,150,000 accounts receivable and inventory lines of credit which gave the borrower the capital to payoff the bank and provide for additional working capital.