Celtic Capital Corporation Provides $1.5 Million Accounts Receivable Line of Credit for Distributor

Celtic Capital Corporation today announced its most recent new client relationship – a Pacific Northwest-based distributor of lighting fixtures and other household hardware items. This Company approached us to help with an acquisition of a similar business in a different market. The Company had the funds arranged for the acquisition but needed a line of credit to handle the Company’s expanded working capital needs post-acquisition. Celtic Capital met a required tight timeframe and provided a $1,500,000 Accounts Receivable Line of Credit to accommodate the Company’s working capital needs.