Last Updated: 06/21/2025

Celtic Bank Business Loans

from Celtic Bank

Last Updated: 06/21/2025

Mostly not recommended8 total votes

2 users recommend

6 users don't recommend

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Highlights

Community Rating

Mostly not recommended

Amount Range

$1,000 - $10,000,000

APR

4.5% - 27.22%(Verified 06/21/2024)

Disclaimer popup with additional information

Loan Term (Months)

12 - 360

Number of Reviews

Celtic Bank Business Loans Review

Celtic bank is a business financing offering by Celtic Bank, based in Salt Lake City, UT. Founded in 2001, Celtic Bank offers access to small business loans in 50 states (and Washington, DC).

Celtic bank FAQ

What are Celtic bank rates?

Celtic bank offers a business financing product that ranges from 4.5% APR up to 27.22% APR.

Does Celtic bank charge an origination fee?

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

Does Celtic bank charge prepayment fees?

Yes, Celtic bank may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.

How much can you borrow from Celtic bank?

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

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

Celtic bank offers small 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 Celtic Bank Business Loans?

Celtic Bank Business Loans does not require borrowers to have been in business for a minimum number of years. Businesses must have a minimum annual revenue of $27,220 to be considered.

Applicants with a credit score of at least 640 and up to 850 may be eligible for Celtic Bank Business Loans.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Celtic Bank Business Loans.

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

Proof of income
Proof of identity

Does Celtic Bank perform a hard credit pull?

Yes, Celtic bank 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.

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...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

268 South State Street, Suite 300

Salt Lake City, UT 84111

(800) 509-6191

Visit Site

Email Support

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

Other Services by Celtic Bank

Business Lines of Credit

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Credit Cards

4 products

19 Reviews

SuperMoney Net Recommendation Score

SuperMoney users mostly don't recommend this product, giving it a user recommendation score of -50, or 2 on a 5-point rating scale.

-50

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Celtic Bank Business Loans Community Reviews

Would you recommend Celtic Bank Business Loans to your friends?

Anonymous

May 9, 2023

May or may not recommend

To many problems to list, couldn't send me the whole loan application, told me I was already paying for vehicle inspection so NOT to inspect the vehicles, under writers kept coming back with clueless questions so we missed the 6 months loan payment forgiveness deadline by hours.

Anonymous

Jun 8, 2021

May or may not recommend

Celtic Bank is terrific in obtaining your business. Once a “customer” expect days before a response, if any, and even longer for any action. You can expect emails from Executive Vice President, Special Assets and Loan Servicing that are in red bold lettering and stating things like “we are doing everything in our power to help accommodate your request (potentially)”& “However, you should know, there are no less ...Show More

Michael A.

Sep 1, 2019

May or may not recommend

GOOD FOR SBA GLOBAL TRADING PORTAL. WITHOUT USING YOUR OWN MONEY, TILL YOU EITHER SELL YOUR PRODUCTS OR GET PAID

Bilals Mobile D.

Mar 15, 2017

May or may not recommend

I received a small line of credit with Celtic Bank via my Squareup Credit Processing App for my Business. This was a good initial small boost for my business and I'm looking to receive another as I've paid the first off early.

Anonymous

May 29, 2016

May or may not recommend

Similar experience as the other reviewers on this site. Started application process in January and submitted mounds and mounds of documents and paper work. spend 4 1/2 months on a simple loan that should have been finished within 3-4 weeks. finally after investing about 100 hours of time and countless sleepless nights, the declined the loan. waste of time. but 1 valuable lesson learned. ...Show More

Anonymous

Jan 21, 2016

May or may not recommend

Could not even give them one star. Horrible bank. They take way to long to close a deal. Four months for a simple closing. They forget they are dealing with real people. Stay away from thus lender.

Anonymous

Aug 31, 2015

May or may not recommend

never had such bad experience with any other company or bank they are simple CELTIC SCAMMERS! using your information without consent and when questioning them they simply disconnect the phone on you Celtic bank is a shameful bank and a scam!

Anonymous

Aug 25, 2015

May or may not recommend

most horrific experience I ever had dealing with a bank. ugh! I wish I would read some reviews beforehand. don't fall for their rates. would never do business again with these scammers

Showing 8 of 8 reviews