Our Equipment-Only Loans Can Save Your Client Relationships

Especially in the current environment, many lenders are uncomfortable extending additional credit to borrowers. Instead of losing those borrowers to other lenders, Celtic Capital can solve the problem by offering an Equipment-Only Loan. This loan will enhance your existing relationships; not compete with them.

When you bring us in for a Term piece, all we look at are the equipment value and cash flow; nothing with any other part of your lending relationship.

The benefits are two-fold:

  1. You have a solution to your client’s capital needs (and don’t run the risk of them looking elsewhere).
  2. If a time ever comes when:
    1. You want the Term piece, we’re happy to hand it over to you.
    2. You want to exit the relationship; the fact that we’re financing the equipment makes it easier to take you out on the A/R.

 

We look at forced liquidation value for the equipment and in recent months, those numbers have been lower as auctions have not been as robust as has been the norm. But with a detailed equipment list that provides the year the equipment was manufactured (not purchased) and a detailed description (make, model, serial number), we can (at no cost to your borrower) get an estimated value and come back to you with a proposal of what we can do.

So don’t risk losing clients when Equipment-Only Loans from Celtic Capital provide an easy solution.

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.