Celtic Capital Corporation announced its most recent new client relationship – a Pacific Northwest-based custom design and manufacturing company specializing in plastic injection molding, pad printing, and assembly. This Company was introduced to Celtic by a trusted referral partner to assist in refinancing its existing bank debt as due to covenant violations, the bank was seeking to exit the client.
Celtic Capital provided a $500,000 Accounts Receivable Line of Credit and a $700,000 Equipment Loan to accommodate paying off the bank and supporting the Company’s working capital needs.