Celtic Capital Corporation Provides Financing for Pacific-based Distributor

Celtic Capital Corporation today announced its most recent new client relationship—a Pacific-based company specializing in the distribution of tools, hardware and safety equipment used in the manufacturing and construction industries. This long-time business was asked out of its bank due to covenant violations and only had a short time to secure refinancing before its current line expired. Celtic Capital was referred in due to its ability to close quickly. Celtic Capital provided a $2,250,000 accounts receivable line of credit to pay off the bank and provide the Company with additional working capital to support future growth.

https://www.celticcapital.com/client-tombstones/