Last Updated: 04/18/2025
Celtic Bank Asset-Based Lines of Credit
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in Business Lines of Credit from Celtic Bank
Last Updated: 04/18/2025
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Highlights
APR (Variable APR)
4.5% - 27.22%(Verified 06/21/2024)
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Credit Score Range
640 - 850
Amount Range
$250,000 - $5,000,000
Celtic Bank Asset-Based Lines of Credit Review
Celtic Bank Asset-Based Lines of Credit is offered by Celtic Bank, a bank founded in 2001 and based in Salt Lake City, UT. Celtic Bank Asset-Based Lines of Credit are available in states.
Celtic Bank Asset-Based Lines of Credit FAQ
What APRs does Celtic Bank Asset-Based Lines of Credit offer?
Celtic Bank Asset-Based Lines of Credit offers a variable APR that ranges from 4.5% APR up to 27.22% APR.
Does Celtic Bank Asset-Based Lines of Credit charge an origination fee?
Yes, Celtic Bank Asset-Based Lines of Credit charges an origination fee starting at 0% of the line of credit amount. Celtic Bank Asset-Based Lines of Credit deducts the fee directly from your line of credit amount before disbursing the fund, so make sure you take this fee into account when deciding how much you need to borrow.
Does Celtic Bank Asset-Based Lines of Credit charge prepayment fees?
Yes, Celtic Bank Asset-Based Lines of Credit charges additional fees to borrowers who pay off their lines of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit early.How much can you borrow from Celtic Bank Asset-Based Lines of Credit?
Line of credit amounts start at $250,000 and go up to $5,000,000.
What is the maximum term you can get with Celtic Bank Asset-Based Lines of Credit?
Celtic Bank Asset-Based Lines of Credit offers business lines of credit with terms ranging from 12 to 120 months. Having the option of longer terms allows borrowers to take on larger line of credit amounts while keeping monthly payments more affordable. However, the longer the term of the amounts you borrow, the more interest you will pay.
What do you need to qualify for Celtic Bank Asset-Based Lines of Credit?
Applicants with a credit score of at least 640 and up to 850 may be eligible for Celtic Bank Asset-Based Lines of Credit. The minimum age to be eligible is 19 or the state minimum, whichever is higher. Celtic Bank Asset-Based Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Celtic Bank Asset-Based Lines of Credit.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Proof of identity
What are the business financing requirements for Celtic Bank Asset-Based Lines of Credit?
To apply for Celtic Bank Asset-Based Lines of Credit, the applicant needs to provide the following documentation:
- Business license
- Business bank account
Does Celtic Bank Asset-Based Lines of Credit report your account activity to credit bureaus?
Yes, Celtic Bank Asset-Based Lines of Credit reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Celtic Bank perform a hard credit pull?
Yes, Celtic Bank Asset-Based Lines of Credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
What types of business lines of credit does Celtic Bank offer?
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Message from Celtic Bank Asset-Based Lines of Credit
Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed