Celtic Capital Corporation Provides Financing for Commercial Printing Company

Celtic Capital Corporation today announced its most recent new client relationship – a California-based commercial printing company. The Company had experienced a drop in revenue due to the pandemic and was in violation of certain loan covenants with its bank. As the bank needed to move the loan off its books, the banker referred the Company to Celtic Capital. We provided a $4,000,000 Accounts Receivable Line of Credit, a $300,000 Inventory Line of Credit and a $2,535,000 Equipment Loan to satisfy the bank, pay some past dues taxes and provide working capital. This refinance positions the Company to take advantage of the pre-pandemic revenue levels it expects for 2022.