Three Benefits for Banks Working with Celtic Capital
When a bank exits a client to Celtic Capital, we don’t require the banking relationship to move away from the bank. That gives the bank a foot in the door for the borrower to come back when ready.
When a borrower exits its bank and tries to get financing from another bank but that bank can’t do the deal; if the second bank refers the borrower to us, we’ll refer the deal back whenever the borrower is ready – with no exit fees.
Any time a referring bank (in either the first or second scenario outlined above) has the capability, it can hold the necessary restricted accounts that handle collections. This, too, helps the bank establish (or strengthen) a relationship with the borrower and have a leg up when the business is ready for bank financing.
When all is said in done, Celtic Capital doesn’t compete with banks in any way. Our goal is solely to provide borrowers with non-bank financing and get them back to our referral partners as soon as the businesses are ready.
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.