Celtic Capital Corporation Provides Funding Electrical and Mechatronic Parts Distributor

Celtic Capital Corporation today announced its most recent new client relationship – an Oregon-based manufacturer and distributor of electrical and mechatronic parts for the automotive industry. The Company was referred to Celtic Capital to refinance its bank debt as it was in violation of some loan covenants. Celtic provided a $1,000,000 accounts receivable line of credit, a $500,000 inventory line of credit and a $152,000 equipment loan to facilitate the refinancing.