Celtic Capital Corporation Provides $1.05 Million Equipment Loan for Idaho-based Company

Celtic Capital Corporation today announced its most recent new client relationship – an Idaho-based company that designs and manufactures parts and pieces for food processing plants as well as construction of primarily steel buildings. Due to customer projects pushed into 2020, the business suffered a decline in revenue which left it in a cash flow bind. The business, free of any traditional bank borrowing, approached Celtic Capital to borrow against its equipment. Celtic made an Equipment Loan for $1,050,000 to support the Company’s cash flow and to enable it to realize anticipated revenue growth in 2020.