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Celtic Capital Corporation Provides $3 Million Line of Credit for Material Testing Services Company
June 2, 2025
Source: Celtic Capital Corporation
Celtic Capital Corporation today announced its most recent new client relationship – a Pacific-based Company providing material testing services to the infrastructure construction market. Due to a challenging 2024, this Company violated its bank covenants and was searching for a new lender. Its bank referred them to Celtic Capital as the bank knew we could bring the client back into the bank as soon as the Company overcame its temporary issues. Celtic Capital provided a $3,000,000 accounts receivable line of credit to pay off the bank and provide for the growth the Company expects in 2025 and beyond.
