Celtic Bank

SBA Loan
Property Types	Assisted Living, Automotive, Bar, Car Wash, Daycare, Entertainment Venue, Funeral Home, Gas Station, Hotel, Medical Facility, Medical Office, Memory Care, Motel, Office, Restaurant, Self-Storage, Senior Care - Commercial Property, Skilled Nursing, Special-Use
Lendding Area	NATIONWIDE
Loan amount Minimum	$500,000
Loan amount Maximum	$20,000,000
Interest Rate Minimum	7%
Interest Rate Maximum	12%
Terms	25 year, 10 year
Interest Only or Amortized	Amortized
Lien Position	1st, 2nd, 3rd

Construction Loan Business acquisitions
Property Types	Assisted Living, Daycare, Gas Station, Hotel, Industrial, Medical Office, Office, Restaurant, Warehouse
Lendding Area	NATIONWIDE
Loan amount Minimum	$500,000
Loan amount Maximum	$10,000,000
Typical Days Required to Fund	20-30 Business days
Cross Collateralize Blanket	Yes
Lien Position	1st, 2nd, 3rd, 4th or subsequent
General Pricing or Guideline info	My team handles a wide variety of owner-user projects — e.g. car washes, restaurants, assisted living, hotels, gas stations, etc., up to $8MM—or $10MM for rurally located businesses.  We pride ourselves in finding funding solutions that elude other lenders. We work with builders nationwide, funding start-ups and turnarounds properties with up to 90% LTV/LTC. (Also, financing is commonly used as bridge loans.) Please don't hesitate to reach out if we can be of any help.
Updated as of	2024-05-13

Summary of all Guidelines
Loan Types	Construction Loan, SBA Loan
Property Types	Assisted Living, Automotive, Hotel, Industrial, Medical Office, Mobile Home Park, Office, Restaurant, Retail, Self-Storage, Shopping Center, Special-Use
Lendding Area	alabama, alaska, arizona, arkansas, california, colorado, connecticut, delaware, 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
Loan amount Minimum	$500,000
Loan amount Maximum	$10,000,000
Interest Rate Minimum	7%
Interest Rate Maximum	12%
Terms	25 years, 30 years
Interest Only or Amortized	Amoritzed
Prepayment Penalty	3 years
Personal Guarantee /Recourse Required	Personal Guarantee Required / Recourse

SBA Construction Financing
Ready to break ground building your business? Work with our in-house construction department who will be there from start to finish of your construction project—making sure it is done right: on schedule and in budget. .............
Conventional Construction Financing
We help commercial and residential real estate developers and investors finance projects with fast and affordable conventional construction loans. You can get up to $10 million in financing at low rates and flexible terms to start your next project. From commercial industrial or retail builds to residential acquisition and development of single or multifamily homes—we’ve financed it all.

Celtic Bank is located in Salt Lake City, UT. They offer financing for Construction Loans and SBA Loans. The property type they primarily lend against is Assisted Living, Automotive, Hotel, Industrial, Medical Office, Mobile Home Park, Office, Restaurant, Retail, Self-Storage, Shopping Center and Special-Use. Their minimum loan amount is $500,000. Their maximum loan amount is $10,000,000. They offer loans for a minimum Term of 6-10 years. Maximum duration of 25 years;30 years. Although rates can change they are typically lending at a minimum rate of 7%. Maximum interest rate of 12%.

These descriptions are limited information and meant for general reference purposes.