Celtic Capital Corporation Provides $4.4 Million for Job Shop Manufacturer

Celtic Capital Corporation today announced its most recent new client relationship – a job shop manufacturer of large, high-quality metal gears used in various industries such as automotive and aerospace. This company, in business since 1981, has suffered since the death of the owner in 2018. A hired CEO was terminated in 2023 and a well-known turnaround firm was brought in to right the ship. The company’s bank elected not to extend its financing. A trusted referral partner contacted Celtic Capital to provide funding to repay the bank and provide significant additional funds for trade debt and ongoing working capital. Celtic Capital provided a $2,500,000 accounts receivable line of credit and a $1,900,000 equipment loan to meet the company’s needs.