Celtic Capital Corporation Provides Funding for a Manufacturer of Precision Manufactured Components and Assemblies

Celtic Capital Corporation today announced its most recent new client relationship – a privately- owned manufacturer of precision manufactured components and assemblies in the Eastern Midwest. This Company, in business since 1957, approached Celtic Capital to provide an Equipment-Only Loan as they were going to be financing their accounts receivable and inventory through another asset-based lender. The combination of the Celtic Capital loan and the revolving loan would pay off the Company’s current bank. Celtic Capital provided a $2,500,000 Equipment Loan and subsequently participated with the revolving lender for $1,500,000 on the Accounts Receivable and Inventory Lines of Credit.