Celtic Capital Corporation Announces New Client Relationship

Celtic Capital Corporation today announced its most recent new client relationship – a California-based distributor and fabricator of sheet metal products and industrial supplies. While the Company can trace its roots back 100 years, it has been family-owned and operated since 1974. The Company’s bank was seeking its exit after covenant violations and therefore, called Celtic Capital for help. Celtic Capital provided $3,200,000 Accounts Receivable and Inventory Lines of Credit to repay the bank’s line of credit, and for working capital. Working closely together, the Company and Celtic Capital were able to overcome the logistical challenges of conducting the due diligence during the COVID-19 pandemic.