FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Celtic Capital Announces Most Recent New Client Relationship

August 03, 2021, 06:00 AM

Celtic Capital Corporation announced its most recent new client relationship–a Washington-based cutter/packer of meat products for restaurants and food service companies. This business, founded in 1974 and still owned and operated by its founder, was asked to seek alternative financing by its bank due to covenant violations.

Celtic Capital provided a $1,000,000 Accounts Receivable Line of Credit, a $150,000 Inventory Line of Credit and a $175,000 Term Loan to pay off the bank and provide the Company with additional working capital.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.