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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Celtic Capital Provides $1.7MM in Financing for Steel Products Manufacturer
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Lenders/Participants
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Celtic Bank [Lender]
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Structure
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$1MM Accounts Receivable LOC; $250K Inventory Line; $482.8K Equipment Loan
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Amount
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$1.700
Million
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Borrower(s)
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Undisclosed - Steel Products Manufacturer
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Description
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he Company was seeking a new line of credit to replace its current bank line as due to recent losses, its bank asked the Company to find a new lender. Celtic Capital was referred in and provided an Accounts Receivable Line of Credit for $1 million, an Inventory Line of Credit for $250,000 and an Equipment Loan for $482,800, all of which paid off the bank and provided significant additional working capital to aid the Company in achieving its growth targets for the coming year.
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Industry
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Manufacturing
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| Related Tags |
CEltic Capital, Steel
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ABL Advisor
Deal Tables
2025
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