Celtic Capital Supports 3PL Provider with a $2 Million A/R Line of Credit

Celtic Capital extended a $2 million accounts receivable line of credit to support a third-party logistics company based in the Pacific-region that focuses on omnichannel fulfillment, warehouse operations, and value-added services for high-end retail, e-commerce, and wholesale clients. Because the business had experienced recent losses, it did not qualify for traditional bank financing. The company sought out Celtic Capital to secure the funding needed for its anticipated expansion.