The Company
This Company is based in the Pacific Northwest and supplies advanced structural composite assemblies and components for commercial and military aerospace markets.
The Situation
This deal is one that Celtic Capital acquired in a portfolio purchase resulting from a bank merger. We targeted this deal based on performance and the industry. Interestingly, before the acquisition was finalized, the owners came to us looking for an increase in their Equipment Loan. They had an appraisal that supported their request.
The Solution
Celtic Capital provided a $2,000,000 Accounts Receivable and Inventory Line of Credit and a $200,000 Equipment Loan to acquire the loan from the bank. And almost immediately, we increased the Equipment Loan to help improve the Company’s cash flow.
The Result
The Company has significant growth plans for 2025. It’s poised to have a large up-swing in sales next year.
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 more complex transactions, Celtic Capital has a history of success in crafting creative, flexible asset-based financing solutions from $500,000 to $8 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 celticcapital.com.