SuperMoney

Celtic Bank

in Business Loans

Unaffiliated Visit Site Find My Best Rate

Celtic Bank

Unaffiliated

in Business Loans

SuperMoney Net Recommendation Score -60% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

1 user recommends
0 users are unsure
4 users don't recommend
Cast your vote
Cast your vote

Would you recommend Celtic Bank to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Overview

Where does Celtic Bank do business?

Celtic Bank is a bank based in Salt Lake City, UT. It was founded in 2001 and offers access to business loans in 50 states (and Washington, DC).

What are Celtic Bank’s rates?

Celtic Bank offers business loans with fixed APRs starting from 4.5% and up to 27.22%.

Does Celtic Bank charge an origination fee?

Yes, Celtic Bank charges a loan origination fee starting at 0% of the loan amount. Celtic Bank deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Celtic Bank set on the purpose of the loan?

Some lenders only provide business loans for certain purposes. Celtic Bank considers loan applications for the following reasons:

  • Business Debt Refinance
  • Equipment Purchase
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Celtic Bank offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Celtic Bank provides access to the following business loan types:

Does Celtic Bank charge prepayment fees?

Yes, Celtic Bank charges additional fees to borrowers who pay off their loans 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 loan early.

How much can you borrow from Celtic Bank?

Loan amounts start at $1,000 and go up to $10,000,000.

What is the maximum loan term you can get with Celtic Bank?

Celtic Bank offers business loans with terms ranging from 12 to 360 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Celtic Bank?

Applicants with a credit score of at least 640 can apply for a loan via Celtic Bank.

Celtic Bank does not require borrowers to have been in business for a minimum number of years.

Only U.S. citizens and permanent residents can apply for a loan. Celtic Bank only considers borrowers who are employed or self-employed.

To qualify, applicants may need to provide the following documentation:

  • Proof of Identity
  • Proof of Income
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    Other Services by Celtic Bank

    Availability

    Available in 50 States and Washington, DC
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    Minimum Months in Business
    0
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Credit Score Range
    640 - 850
    850 300 640
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Self-Employed
    Minimum Revenue
    $27,220
    Verification Documents Required
    • Proof of Identity
    • Proof of Income
    Loan Term (Months)
    12 - 360
    1 360
    Loan Amount
    $1K - $10M
    $100 $1M+
    APR
    ()
    4.5% - 27.22%
    0% 100%+

    Reviews

    Would you recommend Celtic Bank to your friends?

    Before we publish your vote:

    Please explain your vote by sharing your experience.

    Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

    Please write a review to submit your vote
    Cancel my vote
    (will require moderator approval)

    Other Business Loans