Keltic Financial Services announces the completion of a $5,100,000 credit facility to Burlington Technologies

September 1, 2010

Headquartered in Burlington, North Carolina the company is comprised of two operating companies: BMS and Se7en, LLC. BMS provides yarn-dyeing services to the apparel, military, work wear, medical, industrial and home furnishing market. Se7en designs and produces decorative and functional fabrics for use in the residential, hospitality, healthcare, and corporate furniture sectors.

Keltic Financial services provided Burlington Technologies with a $5,100,000 credit facility consisting of a $4,000,000 revolving line of credit and $1,100,000 term loan.

“While we were fortunate enough to have many financing alternatives, Keltic proved to be the best option for Burlington Technologies due to their understanding of our business model, willingness to invest in our industry, and desire to help us achieve our growth goals. Keltic provided rapid answers to our questions and they have very competent individuals in the key positions that acted as a cohesive team to finalize the deliverables. They did not need days, loan committee meetings, or board meetings to provide us a solution or a decision. “

Michael R. Durham, President and CEO