Not All Asset-Based Lenders Are Alike

Not all asset-based lenders are the same. There are small independents, bank-owned institutions, and large privately-owned private equity-backed lenders. Celtic Capital falls into the category of small independents, though we are similar in structure to slightly larger lenders. The key difference is that we have fewer layers of people, making us highly efficient.

What this means for those businesses you refer to us:

1. Senior management (the decision-makers) are looking at the deals as they come in. This means there are no unnecessary hurdles, leading to a very efficient process.
2. We are quick to react. Our write-up process is streamlined such that there’s not much narrative. Our Client Development Officers analyze each deal looking at collateral information, financials plus source and use information; then the deal is discussed with senior management. This leads to quicker turnaround time. We’re often told by prospective borrowers that we’re the first to provide them with a Proposal and they’re impressed by the speed with which we’re on top of their business needs.
3. We have no underwriters. Deals go straight from audit to approval to documentation. We don’t require inventory appraisals as we have our own proprietary methodology for auditing inventory.

These differentiators in our approach versus other asset-based lenders all speak to speed and consistency in approvals. Because of our thorough upfront screening, we rarely turn deals down once they are in due diligence.

Here’s what this means for you as a valued referral source:

1. If you need to exit a deal, we can take it out quickly giving you the best opportunity to come out whole.
2. We treat our borrowers with the respect, resources and support they need to get their businesses back on track which reflects positively on you and your reputation as someone who helps your clients succeed.
3. Whenever a business is ready to return to you for financing, we have no pre-payment penalties to stand in the way.

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 www.celticcapital.com.