Celtic Capital Corporation Provides Financing for California-based Tank Truck Hauler

Celtic Capital Corporation today announced its most recent new client relationship – a California-based tank truck hauler of gasoline, diesel, oil and other related products. This Company was looking to exit a factoring relationship and some high-priced merchant cash advance loans. An intermediary assisting the Company contacted Celtic Capital to see if the Company would be a fit . Celtic Capital provided a $500,000 Accounts Receivable Line of Credit and a $240,000 Equipment Loan to pay off the various lenders and provide working capital for this growing business.