Celtic Capital Corporation Provides $2.5 Million to a California-based Manufacturer of High-volume, Low-speed Industrial Ceiling Fans

Celtic Capital Corporation today announced its most recent new client relationship – a California-based manufacturer of high-volume, low-speed industrial ceiling fans. This 13-year old family-owned business was asked by its bank to seek alternative financing due to loan covenant violations. Celtic Capital provided $2,500,000 Accounts Receivable and Inventory Lines of Credit, which when coupled with excess cash the Company had on hand, paid off the bank, an SBA loan, and provided additional working capital to fuel the Company’s growth.