Celtic Capital Corporation Announces New Client Relationship

Celtic Capital Corporation today announced its most recent new client relationship – a Kentucky-based wholesaler of industrial supplies, steel, fasteners and bearings. This 100+ year-old company has been family-owned and operated for many years and had recently fallen out of covenant with its bank line. The Company was referred to Celtic Capital by its business consultant who was helping it exit the bank. Celtic Capital approved a $1,200,000 Accounts Receivable Line of Credit to facilitate the bank payoff and to provide the Company with additional working capital.