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Celtic Capital Provides $1.25MM Financing to Prefinished Door Manufacturer

February 23, 2024, 06:00 AM
Filed Under: Manufacturing

Celtic Capital Corporation announced its most recent new client relationship – a manufacturer of prefinished doors, trim and custom millwork for residential builders. This Company was referred to Celtic Capital by a subordinated lender to the Company that Celtic Capital has worked with previously as well as by a former client who sits on the Company’s board.

The Company was seeking financing to repay its current bank and for ongoing working capital. Celtic Capital provided a $1M Accounts Receivable Line of Credit and a $250K Inventory Line of Credit to meet the Company’s needs.

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