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Celtic Bank

Your Commercial Financing Partner.

SBA Loan

Property Types Assisted Living, Automotive, Bar, 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.
268 South State Street, Suite 300
Salt Lake City, 
UT
 84111