Celtic Capital Corporation Provides $460,500 Loan to Fabrication and Installation Business

Celtic Capital Corporation today announced its most recent new client relationship – a Washington-based steel fabrication and installation business. This business had not been financing but needed some funds to help fuel its expected growth in 2022. Its equity sponsor, looking to finance the equipment, contacted Celtic Capital. After obtaining a subordination from the SBA for the Company’s EIDL, Celtic Capital was easily able to provide the necessary working capital based on the Company’s unencumbered machinery and equipment. Our $460,500 equipment loan solved the Company’s cash needs.