Keltic Financial Services announces the completion of a $1,600,000 revolving line of credit to Quality Rubber Resources.

April 14, 2010

Headquartered in Atlanta, GA, Quality Rubber Resources (QRR) manufacturers, markets and distributes rubber products and related materials used in agriculture, equine, dairy, sports fitness, OEM, industrial, automotive, and retail industries. Additionally, QRR distributes Sportec® rolled rubber, manufactured by Kraiburg Relastec of Germany, one of the most preferred flooring products for the athletic/fitness industry. Products include many types of rubber mats, rubber bumper plates, continuous roll rubber products, sheet rubber, automotive rubber, restaurant mats, anti-fatigue mats, and other types of molded, extruded, and injection molded rubber.

QRR’s existing lender was impacted by the credit crisis and decided to discontinue financing businesses with borrowing needs below a certain dollar threshold.  In addition, QRR faced issues with key foreign vendors which complicated financing with a new lender. QRR turned to Keltic Financial Services for a $1,600,000 revolving line of credit.

Keltic Financial Services’ focus on small and middle market companies, its ability to work through issues with foreign vendors during the financing and the close interaction between its decision makers and QRR’s management team helped to facilitate a swift closing of a stable revolving line of credit for QRR.

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