| | Business Summary | | Celtic
Investment,
Inc.
is
a
diversified
financial
service
holding
company.
The
Company
has
three
operating
subsidiaries:
U.S.
Commercial
Funding
Corp.
(USCF),
Goodman
Factors,
Inc.
(GF),
and
Salt
Lake
Mortgage
Corp.
(SLM).
USCF
and
GF
are
in
the
business
of
purchasing
accounts
receivable
from
small
to
medium
sized
businesses.
The
purchase
of
accounts
receivable
is
commonly
referred
to
as
factoring.
USCF
and
GF
purchase
of
accounts
receivable
has
historically
been
true
purchases
of
assets
and
not
loan
transactions.
SLM
is
a
mortgage
broker
with
operations
in
the
states
of
Utah,
Nevada,
Colorado,
and
California.
SLM
originates
residential
mortgage
loans
for
clients
seeking
home
ownership,
"rate-term"
refinances,
"cash-out"
refinancing,
and
second
mortgages. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Celtic
Investment,
Inc.
is
a
financial
services
holding
company
formed
to
seek
business
acquisitions
and
combinations
in
the
United
States.
The
Company
has
three
wholly-owned
subsidiary
operating
companies.
For
the
nine
months
ended
3/99,
revenues
increased
99%
to
$5.5
million.
Net
loss
from
continuing
operations
applicable
to
Com.
totalled
$411
thousand
vs.
income
of
$160
thousand.
Results
reflect
increased
factoring
income,
offset
by
increases
in
interest
expenses
and
servicing
costs. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1998 Pay | |
| Douglas Morris, 43
Chairman
and Pres | $41K | Frank Lucchese, 48
CFO,
Sec. and Treasurer | 104K | Reese Howell, Jr., 30
Sr.
VP | 90K | | Dollar
amounts are as of 30-June-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/c/celt.ob.gif)