Celtic Capital Corporation Announces New Client Relationship

Celtic Capital Corporation today announced its most recent new client relationship – a California-based manufacturer of packaging products primarily used in the healthcare, cosmetics, pharmaceutical and food industries. This business was referred to Celtic Capital to replace a soured relationship with the Company’s factor. The business was expanding and needed a larger line with some reliance on inventory.  Funding just after the Coronavirus lockdown was announced in California, Celtic Capital did not hesitate moving forward given the Company’s business in the healthcare and food industries. Implementing $2,425,000 accounts receivable and inventory lines of credit enabled the Company to take advantage of increasing sales during the crisis.