Celtic Capital Corporation Provides Financing for a Pacific Northwest Manufacturer

Celtic Capital Corporation today announced its most recent new client relationship – a Pacific Northwest manufacturer of steel products for various industries. The Company was seeking a new line of credit to replace its current bank line as due to recent losses; its bank asked the Company to find a new lender. Celtic Capital was referred in and provided an Accounts Receivable Line of Credit for $1,000,000, an Inventory Line of Credit for $250,000 and an Equipment Loan for $482,800 all of which paid off the bank and provided significant additional working capital to aid the Company in achieving its growth targets for the coming year.