Celtic Capital Corporation Provides $1.5 Million to an Ohio-based Nurse Staffing Company

Celtic Capital Corporation today announced its most recent new client relationship – an Ohio- based nurse staffing company that was a former Celtic Capital borrower. This client originally came to Celtic Capital in 2017 and paid off our line of credit in 2018 after obtaining a line with a bank.  During a difficult 2019 (losses), the Company’s owner paid off the bank line at the bank’s request. In September 2020, even though management believed the challenges associated with the losses were behind them, the Company was still not bankable and some past due taxes needed to be paid.  Management once again looked to Celtic Capital and we provided a $1,500,000 accounts receivable line of Credit to allow the Company to make the tax payment and for working capital.