Celtic Capital clients include start-ups seeking funding for business growth, companies that have exceeded the loan amounts their banks are able to provide for them, and established companies that have encountered financial difficulties due to valleys in the economy, legal complications and shifts in customer demand, among other reasons. Companies who wish to expand their product lines, upgrade their equipment, and grow in size also turn to us for asset based lending. Banks are restricted in the amount of the loans they issue, and to whom they can provide loans. Because they are regulated by the FDIC, banks must require companies to meet certain financial criteria. This allows us to provide larger amounts of funding more quickly, and to companies banks may consider too risky to assist, while also encouraging growth.
Factoring is the discounted sale of accounts receivable.
With factoring, the factor purchases each invoice as you invoice your customer. The majority of Celtic Capital clients have gone on to achieve financial stability and return to their banks for traditional bank financing. Indeed, this is our primary objective with each client we help. When one of our clients succeeds in obtaining traditional bank financing, we consider this a reflection of our own company's success as well. Having provided hundreds of companies with interim capital for nearly two decades, We offer a number of significant advantages over other funding sources.