Celtic Capital Provides Funding for a Fabricator of Metal Parts

Celtic Capital Corporation today announced its most recent new client relationship – a Western Midwest fabricator of metal parts primarily for the automotive industry. This Company, established in 1978, was being acquired by a family that Celtic Capital lent to previously. They approached us looking for financing to acquire the stock of this successful enterprise. Celtic Capital provided a $2,200,000 Accounts Receivable Line of Credit, a $500,000 Inventory Line of Credit and a $414,000 Equipment Loan to assist with the purchase.