Celtic Capital Corporation Provides Financing for an Oil and Gas Extraction Services Company

Celtic Capital Corporation today announced its most recent new client relationship – an oil and gas extraction services company located in the Western Midwest region. The business suffered reduced revenues from the COVID era and to recover, needed additional working capital. Its current bank was unwilling to provide the Company with the needed funds so management turned to Celtic Capital. Celtic Capital provided a $3,500,000 account receivable line of credit and a $1,530,000 equipment loan to fund the Company’s needs.