Business Loan with Celtic Bank

Looking to grow your business?

Partner with Celtic Bank, a top national SBA lender that understands the unique challenges small business owners face.

Whether you need money to purchase commercial real estate, buy or build a business, or open a new location, an SBA 7(a) loan is an ideal funding vehicle for any type of business. Funds can also be used to upgrade equipment, refinance expensive business debt or solve cash flow issues.

We help small business owners nationwide, big and small. And as a Preferred SBA Lender that approves in-house, we’re well equipped to handle rushed financing deadlines, freeing up your time to focus on the important things, like growing your business.

Celtic Bank is a top ten national SBA lender and has helped tens of thousands of business owners get fast and affordable business loans.

Because the U.S. Small Business Administration backs a portion of all our loans, we are able to set better rates and terms than private lenders. Which gives you more money to invest in your business.

We offer loans with lower payment and longer repayment terms, at lower rates than other commercial lenders. This allows you to use your cash flow to grow your business – instead of paying off unsustainable debt.

Small business loans from Celtic Bank can range anywhere from $25,000 up to $5 million (even up to $10 million under USDA), depending on eligibility and the intended use of the money.

The short answer? A lot of things. You can use the loan as working capital to fund day-to-day operations or smaller investments, like inventory, hiring, or marketing. Or you can use it for long-term needs like equipment, furniture, major office repairs, land, building purchases or construction.

To qualify for a loan from Celtic Bank, you must:

Operate for profit
Be small (as defined by the SBA)
Do business in the U.S.
Have reasonable invested equity
If necessary, be willing to pledge personal assets
Demonstrate a need for the loan
Use the money for a sound business purpose
Not be delinquent on existing debt with the U.S. government

If your company meets the above qualifications, great! But that is not all Celtic Bank looks at during the loan application. To improve your chances of being approved for a loan by Celtic Bank, it helps if your business also meets the below criteria:

Be in business two years or more
Be profitable
Have a "good" credit score
Have no bankruptcies or foreclosures in the past 3 years
Have no recent charge-offs or settlements
Have no criminal record other than minor vehicle violations

While different types of loan applications require different kinds of information, these are common documents we look at in the loan process:

Proof of Employer Identification Number (EIN)
Business debt schedule
6 most recent business bank statements
Most recent personal and business federal tax returns
Business financial statements, such as P&L and balance sheet

Generally, a score above 700 is preferable, but Celtic Bank is unique in that we are willing to take a more flexible approach to determining your eligibility. Not only do we take into account hard numbers, like revenues, equity invested and current assets. But “softer” factors also greatly impact a credit decision, like industry experience and how you manage your business day-to-day.

268 State Street | Salt Lake City, Utah | 84111

About Celtic

At Celtic Bank, we want to get you the funding you need to start or sustain your small business. From working capital to expansion, acquisitions and more, we can tailor our loan solutions to meet your individual needs. Celtic Bank specializes in SBA loans. As an SBA Preferred Lender, Celtic has been listed among the top ten largest SBA lenders in the US since 2013. Preferred status means that we can underwrite and approve loan requests in-house, getting you the money you need when you need it. We have a proven track record in a variety of industries—including mechanical, healthcare, hospitality, storage, and more. So we have the expertise to approach your loan application with the creativity and attention you deserve. If your proposition makes sense, we'll work to find a solution. Member FDIC. Utah-chartered industrial bank

The facts and data presented on this web page are for illustrative purposes only. Loan applicants are subject to Celtic Bank's credit and underwriting standards to determine creditworthiness. Interest rates, fees, terms and conditions are subject to change at any time without notice and will be disclosed upon final loan qualification. This solicitation is not a guarantee of qualification.

1 Qualifying alone will not impact your credit. Celtic Bank only performs a hard credit pull after you have been prequalified for a loan upon review of your preliminary personal and business financial statements.

2 Celtic Bank is required to base their interest rates on the federally controlled interest rate, the Wall Street Journal Prime. This interest rate is subject to change.

		Buy a business
		Build a new location
		Renovate your business
		Upgrade your equipment
		Refinance debt
		Get working capital

Quick, affordable business loans

Financing up to

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Qualify in as little as

Looking to grow your business?

"Celtic Bank saw the potential of my project, and believed in me. They helped make my dream come true and I am forever grateful for them."

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