Celtic Bank SBA 7(a) loans review

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.

See other business loan options

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

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Name	Product	Filter Values	Loan amount	APR	Requirements
Fora Financial business loans Finder Rating: 4.1 / 5: ★★★★★			$5,000 – $500,000	Varies	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. Best for companies with at least six figures in annual revenue.	Go to site More Info	Compare	loading Fetching your data…
Lendio business loans Finder Rating: 4.75 / 5: ★★★★★			$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.	Go to site More Info	Compare	loading Fetching your data…
OnDeck short-term loans Finder Rating: 4.6 / 5: ★★★★★			$5,000 – $250,000	As low as 35%	600+ personal credit score, 1 year in business, $100,000+ annual revenue	A leading online business lender offering flexible financing at competitive fixed rates.	Go to site More Info	Compare	loading Fetching your data…
National Funding business loans Finder Rating: 4.75 / 5: ★★★★★			$5,000 – $500,000	4% to 8%	Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.	Working capital loans and equipment financing, some high-risk industries may be eligible.	Go to site More Info	Compare	loading Fetching your data…
Fundbox lines of credit Finder Rating: 4.2 / 5: ★★★★★			$1,000 – $150,000	Not stated	6 + months in business, $100,000+ in annual revenue, 600+ credit score	Get flat rate, short-term financing based on the financial health of your business, not your credit score.	Go to site More Info	Compare	loading Fetching your data…
Bitty Advance business cash advances Finder Rating: 2.8 / 5: ★★★★★			$2,000 – $25,000	Not applicable	$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score	With APRs in the triple digits, this is best saved as a last resort.	Go to site More Info	Compare	loading Fetching your data…

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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.