Founded in 2001 in Salt Lake City, Celtic is a Utah industrial bank that lends nationwide and has ranked among the largest SBA 7(a) originators in the country. The menu is broad for its size: SBA 7(a) and 504, USDA business and industry loans, express lines, asset based facilities, commercial real estate and construction finance. Celtic also acts as the issuing bank behind several online lending platforms, which is why its name turns up on loan documents from companies that are not banks.
Best treated as a lender first and a deposit institution second. Owners looking for a full service operating account with treasury tools will find the offering thin, and there is one office rather than a branch network. Borrowers report that packaging is thorough and that responses can stall when a file needs extra documentation, so build slack into any purchase timetable.
Address: 268 South State Street, Suite 300, Salt Lake City, UT 84111
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