The Company
Founded decades ago, this long-running Pacific-based Company manufactures and supplies components for the electronics and communications industry, and the defense industry among others.
The Situation
This deal is one that Celtic Capital acquired in a portfolio purchase resulting from a bank merger. The Company has been doing well due to the increased demand in the defense sector from the recent rise in global tensions.
The Solution
Celtic Capital provided $4,418,710, broken out as follows: $3,250,000 Accounts Receivable and Inventory Line of Credit, a $668,710 Equipment Loan, and a $500,000 Capital Expenditure Loan to acquire the loan from the bank.
The Result
Extensive growth is anticipated in 2025, and the Company is ramping up production to meet that need. Its largest customer projects to more than double its typical order 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.