Celtic Capital Corporation Provides $1.3 Million for California-based Company

Celtic Capital Corporation today announced its most recent new client relationship – a California-based company that is a job shop – metal and plastics fabrication. This 20-year old business had gotten behind on payroll taxes and with some trade vendors so management approached Celtic Capital for funds to get caught up and to provide additional working capital. We provided a $1,300,000 accounts receivable line of credit and equipment loan to take care of this borrower’s immediate needs and to smooth out cash flow.