Celtic Capital Provides $2.5MM A/R Line of Credit to Cloud-Based Services Provider

Celtic Capital provided a $2.5 million accounts receivable line of credit to an Oregon-based provider of fully-managed, cloud-based services.

The company was looking for receivables financing in order to pay down some debt and to provide working capital. The deal was referred to Celtic Capital by a competitor on the East Coast that does not operate on the West Coast.