Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Celtic Bank SBA 7(a) loans review

Last updated:  

Government-backed loans from $350K to $5M with this SBA Preferred Lender.’s rating: 4.42 / 5.0


  • Best for government-backed loans with a competitive rate.
  • Pick something else if you want fast, unsecured funding.


Min. Amount


Max. Amount


Product NameCeltic Bank SBA 7(a) loans
Min. Amount$350,001
Max. Amount$5,000,000
Loan TermUp to 300 months
RequirementsOwner-operated, for-profit, meet other SBA loan requirements.

Expert review

Anna Serio

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Celtic Bank could be a good choice if you’re looking for a large SBA 7(a) loan. It’s an SBA Preferred Lender, meaning it has the authority to underwrite your application itself, speeding up what could be a months-long process. It’s also one of the top 10 most active SBA lenders in the country.

But it’s not for everyone. You might want to consider working with another lender if you want to borrow less than $350,000. And even though it might have a faster turnaround than non-preferred lenders, online lenders can likely get you funding quicker.

Not sure Celtic Bank is right for you? Compare other business loan options below.

Is Celtic Bank participating in the Paycheck Protection Program?

Yes. Celtic Bank participated in the initial round of the Paycheck Protection Program (PPP), and is offering Second Draw loans as of January 28, 2021. However, it's only offering these loans to existing customers who received their first PPP loan from Celtic Bank. All other businesses will need to look elsewhere. Find out more about the program with our guide to Second Draw loans.

First, do I qualify?

You must meet the following requirements to qualify for an SBA loan from Celtic Bank:

  • Owner-operated business
  • For-profit business

You’ll also need to meet the SBA requirements for its 7(a) loans, including meeting its size requirements for small businesses.

What makes Celtic Bank SBA loans unique?

Celtic Bank’s main strength is its experience with SBA lending. It’s one of the most active SBA lenders in the country — even for a Preferred Lender. This means it’s an expert navigating the process of providing government-backed business funding, which can get complicated and extremely time-consuming with other lenders.


  • Fast turnaround for an SBA lender
  • Expert guidance on your application
  • Easy to get in touch through live-chat or phone


  • Few online customer reviews
  • Doesn’t disclose rates and fees online
  • Limited information on its website

See other business loan options

Not sold on an SBA loan or Celtic Bank in general? Check out even more options.

Data updated regularly
Name Product Filter Values Loan amount APR Requirements

Fora Financial business loans

Fora Financial business loans
$5,000 – $500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Great for SBA loan applicants.

ROK Financial business loans

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

OnDeck small business loans
Finder Rating: 4.7 / 5: ★★★★★

OnDeck small business loans
$5,000 – $250,000
As low as 11.89%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

Rapid Finance small business loans
Finder Rating: 3.74 / 5: ★★★★★

Rapid Finance small business loans
$5,000 – $1,000,000
Fee based
Steady flow of credit card sales, bad credit OK

First Down Funding business loans

First Down Funding business loans
$5,000 – $300,000
Fee Based
At least 2 years in business, an annual revenue of $300,000+, and a minimum credit score of 400
Alternative financing up to $300K with highly competitive rates.

Fundbox business loans
Finder Rating: 4.76 / 5: ★★★★★

Fundbox business loans
$1,000 – $150,000
You must have an established business.
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

Kickpay e-commerce business loans
Finder Rating: 3.7 / 5: ★★★★★

Kickpay e-commerce business loans
$20,000 – $1,000,000
Not applicable
At least $250,000 in the past 12 months of revenue, e-commerce business, use a 3rd party fulfillment center for storing and shipping inventory, at least one US location.
Get a loan for your e-commerce business based on your sales history.

LendingClub business loans
Finder Rating: 4.5 / 5: ★★★★★

LendingClub business loans
$5,000 – $500,000
12.15% to 29.97%
12+ months in business, $50,000+ in annual sales, no bankruptcies or tax liens, at least 20% ownership of the business, fair personal credit score or better
With loan terms that vary from 12 to 60 months, enjoy fixed monthly payments and no prepayment penalties through this award-winning lender.

Monevo business loans

Monevo business loans
$500 – $100,000
3.99% to 35.99%
Credit score of 500+, legal US resident and ages 18+.
Use this connection service to get paired with a loan you can use for business.

Compare up to 4 providers

How do I apply?

You can get started on your application through the Celtic Bank website, over the phone or by visiting a branch near you.

Here’s how to apply online:

  1. Go to the Celtic Bank website.
  2. Click Get started under Borrow money.
  3. Answer questions about the loan you want to apply for, yourself and your business.
  4. Click Submit.

Wait for a representative to contact you to discuss your options. If you’d rather not wait, reach out by calling 877-251-2873.

What documents do I need to apply?

Celtic Bank doesn’t disclose which documents it requires for its SBA 7(a) loans. However, the SBA has a long list of document and form requirements, which you can read about with our guide to SBA 7(a) loans.

How do repayments work?

You repay your SBA 7(a) loan directly to Celtic Bank each month until the loan term is up. Terms can extend up to 25 years, depending on your loan amount. If you have any questions or concerns, reach out to customer service.

Learn how Celtic Bank compares to other providers by reading our guide to business loans.

Business loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don't take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site