Celtic Capital Corporation Provides $750,000 Accounts Receivable Line Credit for Two California-based Affiliated Companies

Celtic Capital Corporation today announced its most recent new client relationship – two California-based affiliated companies that manufacture corrugated boxes and display panels. The businesses needed a line of credit to repay a small bank line and some unsecured debt that the owner used to acquire the business the year before. Celtic Capital provided a $750,000 accounts receivable line of credit to pay off the necessary debt and for working capital.