Celtic Capital’s most recent client relationship is two Pacific-based companies under common ownership. The first repurposes pre-consumer organic waste and produces animal feed and energy, while the second manufactures low-density polyethylene using blown film extrusion, printing and converting.
The companies, which had no financing in place, were seeking capital to help fund the installation of new equipment and support their growing revenue streams. Celtic Capital was introduced to these clients through a trusted intermediary and provided a $3 million accounts receivable line of credit to meet the businesses’ financing needs.