case-studies

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 …More

Celtic Capital Funds Acquisition When Business Seller Decides To Cash Out

The Company

Established in 1978, this Company is a Eastern Midwest fabricator of metal parts used primarily for the automotive industry. It was being acquired by a family that is a …More

Bakery “Kneaded” Financing and Turned to Celtic Capital

The Company

This is an Eastern Midwest commercial bakery that specializes in making bagels and pita bread for food retailers and distributors. The Company has been in business for decades and …More

Tech Company Uses LOC as Back-Stop for Cash Flow

The Company

This technology Company is an Oregon-based provider of fully-managed, cloud-based services that allows clients to maximize the value of technology while minimizing risks.

The Situation

While wealthy ownership groups originally invested …More

Capital Injection Avoids Equity Dilution

The Company

This is an Arizona-based manufacturer of both alcoholic and non-alcoholic jun beverages. Jun is a cousin to kombucha that’s made with honey instead of cane sugar.

The Situation

The Company has …More

New York-Based Printer Inks Deal With Celtic Capital

The Company

Founded in 1980, this New York-based company provides printing services to the newspaper industry.

The Situation

Having been hit hard by the pandemic, the Company experienced a large drop in revenue …More

Alternative Financing Needed To Support AZ Company’s Growth

The Company

This is an Arizona-based company that imports premium natural sea salt. The Company, formed in 2018, packages the salt and sells it to the food manufacturing, food service and …More

Our Equipment-Only Loan Funds Legal Settlements

The Company
Three CNC machine shops related through common ownership. Two are located in Texas; the other, in Michigan.

The Situation
When the three shops were acquired about four years ago, …More

Tank Truck Hauler Is With Celtic Capital for the Long (or Short) Haul

The Company
This is a California-based tank truck hauler of gasoline, diesel, oil and other related products.

The Situation
The Company was looking to exit a factoring relationship and some high-priced merchant cash …More

Celtic Capital Works Out Unanticipated Liens and Loans Challenges

The Company
This company is a California-based manufacturer of tortillas, wraps and flat bread. It was recently acquired (December 2022).

The Situation
The new owner, a seasoned food industry veteran with vast experience …More

Celtic Capital Funds Buyout for Contentious Owners

The Company
This is a Massachusetts-based precision machine shop utilizing the latest technology to deliver high-value machining, assembly and brazing services to customers in numerous industries including Defense, Automotive, Medical, Aerospace, …More

CA-Based Food Products Company Hungry for Our Deal

The Company
This is a California-based company, founded in the 1960s, that provides research and development, formulation, and manufacturing of dry blended food products. It was acquired by an equity group …More

A Deal With an Unusual Funding Twist

The Company
This Company is an Indiana-based producer of specialty chemicals. It’s majority owned by members of an equity group.

The Situation
Plagued by the pandemic, supply chain disruptions and inflation, all of …More

Equipment-Only Loan for AZ Archery Company Is on Target

The Company
This is an Arizona-based designer and manufacturer of a complete range of archery equipment for all segments of the sport.

The Situation
Impacted by COVID-19, the Company suffered losses and upon …More

Leveraging Assets to Fund an Acquisition

The Company
The Company is a California-based manufacturer of precision machined products using metal alloys and plastics for industrial and commercial applications.

The Situation
In an effort to leverage the business assets to …More

Manufacturer for the Auto Industry “Driven” for a Fast Funding

The Company
This Company is an Oregon-based manufacturer and distributor of electrical and mechatronic parts for the automotive industry. It’s owned by a variety of equity groups.

The Situation
COVID-related losses led to …More

Pandemic Losses Led to Debt Restructuring for This TN Company

The Company
This Company is a Tennessee-based concrete polishing and restoration service provider.

The Situation
The business has been around for a while but struggled through the pandemic. Having suffered losses for the …More

Using Equipment To Finance an Acquisition

The Company
This Company is a Colorado-based manufacturer of plant-based food products (Company #1.) Its products are non-seasonal and consist of items including spreads, butters, hummus and dips.

The Situation
Company #1 is …More

Overcoming Milestone Billing To Seal a Deal

The Company
This is a North Carolina-based distributor of fixtures for the commercial building space. It has three owners; two based in North Carolina and one based in the Company’s Utah …More

Celtic Capital Creates a Full Financing Solution for CA Manufacturer

The Company
The Company is a California-based manufacturer of various real food products sourced from ethically grown super foods from around the world.

The Situation
Due to covenant violations, the Company was …More

How One Company Handled Dwindling PPP Money

The Company
The Company consists of two Washington-based affiliate companies in the environmental and industrial hygiene consulting business. The businesses are ESOP-owned.

The Situation
Revenue was hit hard due to the fact that …More

Another Case of Fallout From COVID-19

The Company
This Company is a California-based powder coating job shop for the automotive and other industries.

The Situation
In 2020, the Company’s revenue dropped due to COVID-19. Sales stagnated and even though …More

WA-Based Steel Fabricator Makes Equipment-Only Deal With Celtic Capital

The Company
This is a Washington-based steel fabrication and installation company. It does design and construction of canopies and fasciae for corporate clients.

The Situation
The Company had a bank line of credit …More

California Printer Inks Substantial Deal

The Company
Incorporated in the late ’60s, this Company is a California-based full-service printing company. It’s owned and run by the founder.

The Situation
Due to the pandemic, the Company experienced a drop …More

PA Machine Shop – A Deal With Many Moving Parts

The Company
The Company is a Pennsylvania-based precision CNC machine shop that was established in the early ‘80s. The majority owners are a husband and wife who also run the Company.

The …More

Manufacturer Looking To Pay Down Trade Financing To Stay In Vendors’ Good Graces

The Company
Founded in 1953, this is a third-generation California-based manufacturer of precision metal stamping, welding and automated assembly products.

The Situation
The owner was leveraging the Company’s vendors in lieu of traditional …More

Friction With Its Factor Brought These Affiliated Companies Back to Celtic Capital

The Company
The Company consists of two California-based affiliated businesses. One is a manufacturer of tools; the other manufactures compression and injection molded products. The current owner, who, previously, ran the …More

Business Hard-Hit by COVID Now Back on Track

The Company
This Company is an Oregon-based manufacturer of custom retail fixtures.

The Situation
Referred to Celtic Capital by a workout banker, the business was hard-hit by COVID such that the retail aspect …More

No Capital, No Growth

The Company
This is a Washington-based distributor of solar equipment and hardware.

The Situation
All of the equipment and hardware is manufactured in China by an affiliated company. The affiliate also provided the …More

A Classic Example of the Pandemic’s Effect on Small Business

The Company
This Company is a Washington-based cutter/packer of meat products for restaurants and food service companies. The business was founded in 1974 and is still owned and operated by the …More

Celtic Capital Wrapped Up a Great Deal for This Packaging & Materials Manufacturer

The Company
This Company is an Indiana-based manufacturer of packaging materials and supplies. The business was established twenty-seven years ago and is still run by the founder.

The Situation
In 2019, the Company’s …More

Celtic Capital “Hops” Up for Craft Beer Wholesaler and Brewer

The Company
This Company is a New Jersey-based wholesaler and brewer of craft beers. It was founded in 1996 and purchased by an equity group in 2016.

The Situation
After losing money in …More

After Audit, We Doubled Down for this AZ Software Developer

The Company
This is an Arizona-based developer of software that automates the arrangement of property management and renovation services for REITS and property managers. The Company started in 2019. In 2020, …More

We’re Nursing This Nurse Staffing Co. Back to Health With Our A/R LOC

The Company
This is an Ohio-based nurse staffing company that provides nurses primarily to hospitals.

The Situation
The Company had a financing relationship with us in 2017 for a little over a year …More

Term Loan 1st, A/R Loan 2nd, Inventory Loan 3rd Was the Right Combination For This Company

The Company
This Company is a Colorado-based wood mill and veneer manufacturer. It was started in March 2019 by industry veterans. The owners put up a significant amount of their own …More

Our Financing Was a Breath of Fresh Air For This Ceiling Fan Manufacturer

The Company
This Company is a California-based manufacturer of high-volume, low-speed industrial ceiling fans. It’s a 13-year old family-owned business (father/son).

The Situation
The trouble for this Company started at the end of …More

COVID-19 Created the Growth for This WA Manufacturer; Celtic Capital Created the Financing Solution

The Company
This Company was started in 2013 and is based in Washington. It manufactures odorless, safe and natural disinfectant and cleaning solutions for both medical and consumer applications. In addition …More

A Prime Example of Celtic Capital’s Boomerang Business Program

The Company
A California-based job shop metal finishing company in business since 1980.

The Situation
In 2018, due to losses and leverage issues, the Company’s bank asked it out. Knowing that the Company’s …More

Celtic Capital Worked With Exiting Bank To Eliminate Customer Upheaval in Payment Processing

The Company
This Company consists of two affiliates based in Kentucky that wholesale industrial supplies, steel, fasteners and bearings. While the business has been predominantly family-owned and operated since its incorporation …More

Continued Losses Fueled by COVID-19 Led Banker to Refer This Company to His “Go-To ABL Guy” at Celtic Capital

The Company
This is a California-based distributor and fabricator of sheet metal products and industrial supplies. The Company’s roots can be traced back 100 years and it’s been family-owned and operated …More

One, Two, Three…This Is Our Fourth Deal with This Borrower

The Company
The Company is an Idaho-based fabricator of a wide variety of metal products. The products are made from various materials and are used in the food and beverage, dairy, …More

A Working Capital Solution for Two Affiliated Companies

The Company
This deal consists of two affiliated companies, both based in California, that manufacture corrugated boxes and display panels. Both companies have been in business for over thirty years.

The Situation
These …More

Coronavirus-Affected Business Turns to Celtic Capital for Financing

The Company
This Company, based in Colorado, is a distributor and installer of fireplaces for commercial and residential use. The majority owner purchased the Company a little over two years ago.

The …More

“Boxed” In By Its Factor, California Packaging Manufacturer Comes To Us For New Financing

The Company
This Company is a California-based manufacturer of packaging products primarily used in the healthcare, cosmetics, pharmaceutical and food industries. 2019 was a rough year and a consultant was brought …More

A Strong Relationship with This Business Owner Leads Us to Accommodate a Smaller Deal

The Company
This is an Indiana-based manufacturer of all aspects of commercial and industrial sheet metal installations. It’s been in operation for nearly fifty years.

The Situation
The Company was recently purchased by …More

4th Quarter Project Delays Turned “Ho, Ho, Ho” Into “Oh No, No No!” For This Idaho-Based Company

The Company
This Idaho-based company designs and manufactures parts for food processing plants and designs and builds structures of primarily steel buildings.

The Situation
Project delays in 2019 pushed some projects into 2020. …More

Seafood Distributor Needed a Larger Line – Credit, Not Fishing, and We Came Through for Them

The Company
This 30+ year business is a California-based distributor of fresh and frozen seafood. It purchases product from local fishing boats and sells to both wholesale and retail customers.

The Situation
Having …More

Celtic Capital’s Deal Sparked Interest From Electrical Testing Device Company

The Company
This company is a California-based distributor of contract manufactured electrical testing devices. One of the owners is local, the other is based overseas. There was a third minority owner/operator, …More

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