Celtic Capital Corporation Announces New Client Relationship

Celtic Capital Corporation announced its most recent new client relationship – a California-based manufacturer of precision metal stamping, welding and automated assembly products for various industries. This third-generation business was leveraging its vendor relationships in lieu of traditional financing. As the business was growing, its CPA recommended that the Company get a working capital line with Celtic Capital. Celtic Capital provided a $1,000,000 accounts receivable line of credit to pay down the trade vendors and provide sufficient working capital to meet the Company’s growth plans.