You Keep the Credit Line. We’ll Take the Equipment
Although we’re a full service shop, we also do equipment-only financing – appropriately evaluating equipment on the front end to, if needed, get out equitably on the back end.
If you’re a lender:
- who doesn’t like lending against equipment, or
- if the equipment piece of a deal is too large for the other slice of the loan, or
- if you have a client looking for additional financing you’re not interested in providing,
we’ll partner with you. You keep the credit line; we’ll take the equipment.
This arrangement allows you to retain clients and generate new ones with a full-service answer to their financing needs, especially during COVID when you may not want to increase your loan exposure. It’s also a good opportunity for us to get to know each other and cross-sell for each other – for bankers, we can refer our graduating clients to you; for ABLs, we can participate and help each other out instead of competing.
We lend against a forced liquidation value appraisal. But with just an old appraisal or a good equipment list detailing the type, name and detailed description of the equipment, we can come up with a number and give you a proposal on something that makes sense, quickly. We’ll get a formal appraisal at a later date.
Let us know when you have a specific situation to discuss. We can work something out quickly and easily.
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.