Celtic Bank is a lending company that specializes in small business and construction loans. It offers different types of loans including asset-based lines of credit, residential and commercial constructions, and more. In this article, we cover Celtic Bank reviews and pricing. Ready to get started? Visit its website.
Summary of Celtic Bank Reviews
As of February 2019, there are no up-to-date Celtic bank reviews available online. If you are a past or current Celtic Bank customer, leave a review to help other business owners who are deciding whether or not to use the company.
Celtic Bank Pricing
Celtic Bank pricing has varying rates for the loans that it offers. However, these are not declared on the website. There are nine loan types with loanable amounts ranging from $20,000 to $10 million. The main differences between the loan types include the loan’s purpose, required collateral, loan-to-value (LTV) ratio, eligibility, term, and more.
|Celtic Express Term|
|Conventional Equipment Finance|
Other types of loans that are offered include SBA 7(a), SBA 504, USDA business and industry (B&I), residential, and commercial construction loans. The loanable amount ranges from $350,001 to $10 million.
Loan-term ranges from 12 months to 30 years, depending on the loan type. Possible collaterals also include real estate, inventory, furniture, equipment, and more.
Ready to get started with Celtic Bank? Visit its website.
Top Lender Picks From Fit Small Business
8 Best Business Loans 2019: Small businesses have unprecedented access to capital thanks to online business loans. With dozens of lenders to choose from, each offering a different kind of financing, selecting the right one can be exhausting. We evaluated lenders within every online loan category and selected the best based on costs, terms, and qualifications.
Celtic Bank Features
Check out the list below of some of Celtic Bank’s features:
- SBA 7(a) and SBA 504 loans
- USDA B&I loans
- Asset-based credit
- Conventional equipment finance
- Commercial and residential construction loans
Celtic Bank FAQs
For What Purposes Can Celtic Bank Borrowers Apply for an SBA 7(a) Loan?
Celtic Bank borrowers can apply for an SBA 7(a) loan for the following purposes: working capital, refinance, business acquisition, real estate purchase or construction, and purchase of equipment or inventory. Borrowers must be for-profit and owner-operated to be eligible for an SBA 7(a) loan.
Does Celtic Bank Offer Non-SBA Loans for Purchasing Equipment?
Celtic Bank’s conventional equipment finance offers loans from $100,000 up to $3 million for purchasing equipment like transportation, construction machinery, health care, and more. Commercial for-profit businesses may apply for this loan.