Celtic Capital Provides $1MM A/R Line of Credit to Sea Salt Importer

Celtic Capital provided a $1 million accounts receivable line of credit to an Arizona-based importer of sea salt.

The company, formed in 2018, packages sea salt and sells it to the food manufacturing, food service and grocery distribution markets. When its bank, with which it had a small line of credit, couldn’t meet the company’s anticipated growth needs, the company turned to Celtic Capital.