Celtic Capital Supplies $2.425MM to Packing Products Manufacturer

Celtic Capital provided $2.425 million in accounts receivable and inventory lines of credit to a California-based manufacturer of packaging products primarily used in the healthcare, cosmetics, pharmaceutical and food industries.

The company was referred to Celtic Capital to replace a souring relationship with the company’s factor. The company was expanding and needed a larger line with some reliance on inventory. Celtic Capital provided the funding just after the coronavirus lockdown was announced in California.