Celtic Capital Corporation Provides Financing for Specialty Chemicals Producer

Celtic Capital Corporation today announced its most recent new client relationship – an Indiana-based producer of specialty chemicals. The recent pandemic, supply chain disruptions and inflation all impacted this business’s profitability significantly. The company needed to replace an existing bank line so approached Celtic Capital for a $750,000 accounts receivable line of credit and a $150,000 inventory line of credit to replace the bank financing and provide working capital to help them effectuate their turnaround plan. Celtic Capital provided the requested financing and the company is off and running on their plan.