Keltic Financial Services announces the completion of a $2,000,000 revolving line of credit for NER Data Corporation

July 1, 2010

Headquartered in Glassboro, NJ, NER Data Corporation is an innovative leader in the demanding, growing, and continually changing Data Center Infrastructure Solutions and Managed Print business. Many companies appeal to customers strictly through economic tactics. NER’s approach is to offer unique value-add solutions that truly solve business issues and allow customers to develop and maintain stronger relationships with their end-users.

In 2009 and into 2010, NER repositioned the company from a focus on quality manufacturing of commodity products to a focus on programs, service, solutions, and other higher value added offerings for its customers.  NER turned to Keltic Financial Services for a $2,000,000 working capital facility.

In keeping with its client promise to deal directly with the decision makers, Keltic Financial Services’ leadership team met with the management team of NER to better understand the new business model.  Having decision makers engaged from both companies, from early on in the process, helped to facilitate a swift closing of the working capital facility for NER.

“In today’s banking environment, we were very fortunate to find a partner in Keltic Financial. It is refreshing that the deal we struck around the conference room table was the same as the one we closed in the final documentation. When you deal with the decision makers throughout the process, there are no surprises. Keltic is true to their word and I expect that they will be a valued partner to NER well into the future.”

Chris Oatway, CFO and Principal
NER Data Corporation