Celtic Capital Provides $3MM Accounts Receivable Credit Line to West Coast Materials Testing Firm

Celtic Capital Corporation announced its most recent new client relationship, a Pacific-based Company providing material testing services to the Infrastructure Construction Market.

Due to a challenging 2024, the company violated its bank covenants and was seeking a new lender. Its bank referred the company to Celtic Capital as the bank knew Celtic could bring the client back into the bank as soon as the company overcame its temporary issues.

Celtic Capital provided a $3 million accounts receivable line of credit to pay off the bank and support the company’s expected growth in 2025 and beyond.