Celtic Capital Corporation Provides $1 Million AR Line of Credit to a NC-based Furniture and Fixture Distributor

Celtic Capital Corporation announced its most recent new client relationship – a North Carolina-based distributor of furniture and fixtures for the commercial building space. This business, which has seen considerable growth over the past year and a half, was seeking growth capital. Its financial service advisors referred the business to Celtic Capital to provide accounts receivable financing. Celtic Capital implemented a $1,000,000 accounts receivable line of credit which was used to pay off a small bank line, catch up on some past due sales taxes and provide working capital to fund the Company’s continued growth.