Celtic Capital Corporation Provides Accounts Receivable Line of Credit for an Oregon-based Provider of Fully-managed, Cloud-based Services

Celtic Capital Corporation today announced its most recent new client relationship – an Oregon-based provider of fully-managed, cloud-based services that allow clients to maximize the value of technology while minimizing their risks. The deal was referred to Celtic Capital by a friendly competitor on the East Coast that does not operate on the West Coast. The Company was looking for receivables financing in order to pay down some debt and for working capital. Celtic Capital provided a $2,500,000 accounts receivable line of credit to meet those goals.