In case you hadn’t heard, Celtic Capital provides equipment-only financing. This is of great benefit to banks, other asset based lenders and factors because if they have a relationship with a business, we don’t want to encroach…we want to enhance the relationship and extend additional credit they’re not comfortable giving. We look at it as being in partnership with other lenders; not being in competition with them.
Another plus, is that when a lender wants to exit a relationship, if we already have the equipment financing, it’s easier for us to take them out on the A/R. And if they keep the A/R piece, we’re happy to hand off our term piece whenever they’re ready.
Our driver depends on the value of the equipment and the cash flow of the business, and has nothing to do with any other part of a business’ lending relationship with other lenders. We look only to be a part of the relationship when it makes sense to all parties concerned.
About Celtic Capital
Companies looking for working capital to cover operating expenses, fund growth, increase buying power and take advantage of vendor discounts and rebates turn to Celtic Capital. With an appetite for the more complex transactions, Celtic Capital has a history of success in crafting creative, flexible asset based financing solutions from $500,000 to $5 million with no financial covenants.
As an independent lender, working with companies nationwide, Celtic Capital is willing and able to alter price and deal structure and expand lines of credit to handle its clients’ increased revenues; and when cash flow is an issue, will look toward providing an inventory facility to help offset lost cash flow.