Equipment Loans at Celtic Capital
Please use this as a quick reference guide. It outlines the parameters of Celtic Capital’s Equipment Loan Program.
Equipment-Only Loans
- For existing manufacturing equipment owned by the Company in a facility (where we can see and appraise it) and/or for rolling stock (trucks and trailers).
- We lend (75%-80%) off of a forced liquidation value appraisal.
- Rental equipment (anything moveable that’s housed at various customer sites) is not equipment on which we lend.
Cap-Ex Loans
- For the purchase of new equipment when tied to an accounts receivable (A/R) line.
- We lend on 70% of the purchase price.
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.
If you know of, or are, a business in need of non-traditional financing, contact Mark Hafner at 800.742.0733 or mhafner@celticcapital.com, or visit us at www.celticcapital.com.