Celtic Bank Corporation is our #6 ranked SBA lender based on SBA loan volume from last year.
Celtic Bank makes loans from $150,000 up to $5 million through Celtic Bank’s SBA loan program to be used for working capital, refinance, business acquisition, real estate purchase/construction purchase of equipment, and/or inventory. Terms are typically 10 years or 25 years if a real estate loan. Celtic Bank Corporation will lend up to 90% (aka “loan-to-value”) depending on a variety of factors. Credits scores of 680 or higher for all 20% of greater owners of the business are generally required. Unlike many SBA lenders, Celtic Bank does offer fixed rate in addition to standard variable rate SBA loans.
States where this bank has done traditional 7(a) SBA loans in the past year (note: traditional 7(a) loans are different than SBA CARES Act/PPP loans):