Celtic Capital, a Calabasas, CA-based asset-based lender, announced it is now doing equipment-only lending.
The company said financing a borrower’s accounts receivable is no longer a requirement to finance its machinery and equipment.
Celtic has financed the machinery and equipment of its borrowers for years, but previously only if also financing the businesses accounts receivable. Now, Celtic will do the machinery and equipment on a stand-alone basis.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!