Celtic Capital Provides a Breath of Fresh Air for This Heating and A/C Company

The Company
This is a heating and air conditioning company that provides sales and service for commercial (HVAC) accounts. It was started fifteen years ago, has a sole owner and is based in California.

The Situation
The Company had a small line of credit with a non-bank lender. With a plan for anticipated growth, the Company needed more working capital. The owner went to The Loan Doctor & Associates, Inc. to help him quickly find bank financing; however, the Company was not bankable.

The Solution
When bank financing turned out not to be an option, Eugene “Gene” Valdez (AKA the Loan Doctor) reached out to Celtic Capital. We provided the Company with a $750K Accounts Receivable Line of Credit. Gene made our job easy. He consulted with the business owner to prep him on what to expect from us and he provided us with all the information we needed to move quickly and get this deal funded.

The Result
With Celtic Capital’s credit facility, the Company now has the working capital needed to handle its anticipated growth. And whenever the Company becomes bankable, the business owner can return to The Loan Doctor & Associates, Inc. for assistance in finding bank financing to meet his needs going forward.

Celtic Capital has a long history working with a variety of intermediaries. We’re pleased to have been able to provide both this business owner and The Loan Doctor with the quick service they needed to have a successful outcome for all.

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.