Celtic Bank: Lender Fit
The Fit
Bank. A perennial top-ten SBA lender financing acquisitions from $25k to $10M with a 10% down payment; strong on rate and scale, weaker on service reviews.
At a Glance
- Type
- Bank (lends directly)
- Footprint
- Nationwide.
- Deal Size
- under $500k to above $5M.
- Searcher Practice
- A general SBA lending desk, handled remotely.
- Published Terms
- $25k to $10M across SBA, conventional, USDA, and asset-based, with 10% down.
The Full Review
Celtic Bank is reviewed in full in the directory, with its model, the searcher case for and against it, and every source: read the Celtic Bank review.
How to Approach
Celtic Bank is a bank, so this is how that kind of lender comes in, what it weighs, and how to arrive ready.
The Typical Arc
- A prequalification on you and the target, often from the first email.
- A full application and the bank's own underwrite of the deal.
- A term sheet, then closing on the SBA's timeline, commonly two to four months.
What It Weighs
- Whether the business's cash flow covers the debt with room to spare.
- Your experience relative to the business you are buying.
- Your equity injection and how clean the financials are.
How to Prepare
- Model the payment and coverage before you call. SBA Acquisition Calculator
- Underwrite the specific deal end to end. Underwrite a Deal
- Show where every dollar comes from and goes. Sources & Uses Builder
More on the Shelf
Live Oak BankByline BankNorthwest BankHuntington BankFirst Internet BankStearns BankFirst Bank of the LakePursuit
Filter the whole shelf by deal size and process on Lender Match.