Celtic Capital, a Calabasas, CA-based provider of asset-based lending up to $5.0 million, announced its most recent two new client relationships.

The first was Celtic’s first equipment only financing since launching its new product in February. This deal, a trucking and contracting business in Carlsbad, NM, was seeking $1.0 million of liquidity for its business in addition to a new factoring arrangement of its accounts receivable. Celtic was brought in by the new factor to do the equipment financing. The factor was able to position itself as providing a complete solution for the business even though the factor did not provide the equipment lending directly. Having the Celtic equipment only financing to support its factoring business helped solidify the business for the factor and for Celtic.

The second was to finance an acquisition by an Arizona business of a San Jose, CA-based contract electronic assembly business. Celtic was able to provide $2.35 million of accounts receivable and inventory lines of credit and an equipment loan to help fund the purchase of this established business.