Celtic Capital Corporation Provides Accounts Receivable Line of Credit to two Washington-based Affiliated Companies

Celtic Capital Corporation today announced its most recent new client relationship – two Washington-based affiliated companies in the environmental and industrial hygiene consulting business. These Companies were referred to Celtic Capital by their Chairman who knew of Celtic Capital from a former position he held with a turnaround and restructuring firm. The Companies are owned by an ESOP and had a small line of credit with a local bank. The business, looking to significantly-expand, needed a larger line that the bank was unable to provide. Celtic Capital provided a $1,000,000 accounts receivable line of credit to handle the Companies’ anticipated growth.