Post-Acquisition Equipment Loan Provides Much Needed Liquidity
This is an Indiana-based steel fabrication and installation business.
The Company was being acquired by the owner of other businesses that we have financed in the past. He buys companies through his public company and this was his latest acquisition. We’ve had a good relationship with him; he’s kept in touch; and he reached out with this deal. In this case, he was buying three related businesses and required financing for post-acquisition liquidity.
Celtic Capital came in post-closing and provided a $400,000 Equipment Loan. Having worked with this business owner before, the process was quick and easy.
Our financing provided the liquidity this owner needed to operate the acquired businesses efficiently and to help grow sales.
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.