Celtic Capital Corporation Provides $1.1 Million for Pacific-based Distributor

Celtic Capital Corporation today announced its most recent new client relationship—a Pacific-based distributor of shrink wrap and other packaging supplies. After violating loan covenants, the Company was asked by its bank to secure alternative financing. A trusted third party referred the Company to Celtic Capital. Celtic Capital provided an $800,000 Accounts Receivable Line of Credit and a $300,000 Inventory Line of Credit to pay off the bank in full and provide additional working capital to support the Company’s growth plans.

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