Celtic Capital Corporation Announces New Client Relationship

Celtic Capital Corporation today announced its most recent new client relationship – a Colorado-based wood mill and veneer manufacturer. Referred by a bank from which we’ve taken out many clients, this deal came to Celtic Capital for financing to complete the build-out of its plant and to provide this year-and-a-half old company with working capital. The Company started operations the middle of 2019 and was founded by a few highly-experienced industry professionals. Celtic Capital provided a $1,600,000 Term Loan against the Company’s equipment, a $2,000,000 Accounts Receivable Line of Credit and a $500,000 line on its inventory. Celtic Capital funded the Term Loan first to give the business the funds needed to continue the plant build-out.