Manufacturer Leverages Assets To Expand the Business

The Company

This is a Pacific Northwest manufacturer of prefinished doors, trim and custom millwork for residential builders.

The Situation

The Company was referred to Celtic Capital by two sources: a former client who sits on the Board and the Company’s subordinated debt lender. Planning on expanding into another geographic market, the owners reached out to us for a line of credit to pay off their bank and provide the working capital needed for the expansion.

The Solution

Celtic Capital provided a $1,000,000 Accounts Receivable Line of Credit and a $250,000 Inventory Line of Credit to meet the Company’s needs.

The Result

Leveraging Company assets to expand into additional states has led to expectations of substantial business growth in 2024 and beyond.

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, or visit us at