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At Celtic Bank, we see every new borrower or lending relationship as a partnership. 

Your Commercial Financing Partner

We have financed businesses in hundreds of industries nationwide. You can trust that we understand your business and will make the loan application process as simple and frictionless as possible.

Experience You Can Trust

We look for a reason to say ‘yes’ to your business loan application. If you need funding to buy a business, start construction, purchase real estate, refinance debt or get working capital—we have a loan solution to match, at attractive terms.

High Approval Rates

After completing your application, our experienced staff will be there through each step of the loan process. From underwriting to loan disbursement, you’ll always know where your application stands and get timely answers to your questions.

Personalized Process

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Homepage - Loan Solutions

SBA 7(a) Loans

$350K - $5M | Up to 25 years

Stay competitive with low rates and longer repayment terms. Business financing to accelerate your business.

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Celtic Express Loans

$25K - $150K | Up to 10 years

Stock inventory, hire staff, invest in marketing, or solve off-season cash flow issues—fast with this working capital SBA loan.

Celtic Express 
Loans

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Celtic Advantage Loans

$150K - $350K | Up to 25 years

Need financing beyond working capital&#8211;quick? Refinance debt, buy an existing business, purchase commercial real estate or purchase equipment at the speed of our SBA 7(a) Express loan.

Celtic Advantage 
Loans

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SBA 504 Loans

$350K - $5 M | Up to 25 years

Purchase a long-term asset like commercial buildings, land or equipment at low rates.

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USDA B&I Loans

$500K - $10M | Up to 30 years

Take on larger projects at better terms, with a USDA rural development loan. Build your business, strengthen your community and grow your local economy with a USDA B&amp;I loan.

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Loans

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Equipment Financing

$100K - $3M | Up to 7 years

Get the revenue generating equipment you need to say ‘yes’ to more projects and to scale your business.

SBA Construction

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Our in-house commercial construction finance team will help you get the financing you need to keep your project deadline, without going over budget.

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Manual Worker

$350K - $10M | Up to 15 years

Our in-house renewable energy department makes getting the financing to fund projects easy and hassle-free.

Asset-Based Loans

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$350K - $5M | Up to 10 years

Free up cash flow to invest in your immediate business needs by reducing the cash flow burden of your accounts receivable, with affordable asset-based financing.

Supply Chain Financing

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$50K - $1M | Up to 10 years

Buy the materials you need to fill orders and still have the cash flow to cover operating costs by extending payment up to 120 days with supply chain financing.

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$50K - $350k | Up to 10 years

Stock inventory, hire staff, invest in marketing, or solve off-season cash flow issues—fast, with low rates and longer repayment terms.

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Business Acquisition Loans

Buy an existing business, open a new franchise or advance from manager to owner with affordable business acquisition financing.

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Modern Commercial Avenue

With as little as 10% down, we help make buying land and real estate accessible to small business owners.

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Conventional Financing

Have a project over $5M? Don’t sweat it. We can pair conventional commercial financing with other loan options to extend the amount of financing we can offer.

Whatever Your Business Needs, We Have a Loan to Match. 

Need financing to buy a business, refinance debt, buy out a partner, purchase commercial real estate or finance ground-up construction? No problem. We have a loan option for you. 

Loan Solutions

Don’t Just Take Our Word For It

Kodiak Air

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“If it weren’t for Celtic Bank, I would still be working for other people.”

Read Will’s Experience

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"The whole Celtic team worked hard to make sure that the loan went through while also making sure to mitigate risk in a prudent way so we can sustain our business. I appreciate that balance that Celtic strikes and I think it was done well."

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Experience

Waves Hotel

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“I am grateful to Celtic Bank for taking a risk on entrepreneurs. I wouldn’t have been able to do this without them."

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Experience

Elite Express

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“Thanks for taking the fear of getting an SBA loan out of it for us... you and your team were awesome in assisting us through this process!”

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Experience

Chanate, Valley View & Five Palms

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My retirement plan paid off

“On behalf of my family, thank you sooo much for your patience, support, understanding, and never giving up on us!”

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Experience

Testimonials

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Main street feels the impacts hardest whenever the economy contracts. But unlike other downturns where business owners had months to brace for impact, revenue dried up almost overnight as COVID-19 precautions were enacted. In response, business owners in usually stable industries are selling their distressed businesses because they don’t have the cash reserves to weather it out.



However, in all crises there is opportunity. If you’ve been looking to buy a business, now is one the best times to do it. The economic upheaval caused by COVID-19 offers entrepreneurs a unique chance to buy a distressed business that is struggling but that will quickly recover.



These are 5 distressed businesses we expect to bounce back quickly from COVID-19 but are currently undervalued.



<h3>Auto Repair Shops</h3>



Why the slump: People are driving less as people are working from home and postponing recreational trips. With less traffic, there are fewer fender benders. Households are also adjusting to negative changes in income by <a href="http://www.google.com" data-type="URL" data-id="www.google.com">postponing non-essential tune-ups</a>. With less car accidents and people postponing non-essential repairs, the auto mechanics are seeing a significant drop in revenue in 2020.



Why we can expect a bounce back: Auto repair shops <a href="#">have done well</a> in past economic downturns when tighter household budgets and heightened consumer anxiety have made buying a new car financially unrealistic. As lockdown restrictions are eased across the country and people return to working in office, people will choose to repair their older vehicles instead of buying new ones.



<h3>Gas Station/C-stores</h3>



Why the slump: Under COVID-19 lockdown orders, gas stations and c-stores are considered essential businesses and remained open while other businesses temporarily closed shop. Despite being an essential business, because people are driving less many gas station owners have seen a dip in revenue due to fewer gallons of gas sold. Data gathered by GasBuddy.com from March 1st to May 31, found that drivers made an average of 2.8 fuel transactions per month, a drop from the pre-pandemic average of 4.5 times per month.



Why there will be a bounce back: However, due to record-low gas prices, gas station/c-store owners have been able to buy gas for cheap with the potential to sell for higher profit margins than ever before in the future. And even if gas stations/c-stores are currently selling fewer gallons of gas, many c-stores have seen an uptick in sales, up to 5% in some cases, due to limited grocery store hours and people preferring their local c-store because it is less crowded than grocery stores.



<h3>Skilled Nursing/Assisted Living Facilities</h3>



Why the slump: Long-term care patients are most susceptible to COVID-19, and facilities nationwide are experiencing an average drop of 10% in occupancy rate and a spike in expenses because of COVID-19. According to the New York Times “Coronavirus in the U.S” report, more than 40 percent of deaths from the virus in the United States have been tied to nursing homes and other long-term care facilities.



Why there will be a bounce back: However, the pandemic will not change the basic demographic makeup of the US, which includes a huge wave of aging baby boomers. The need for elder care remains the same. This paired with the $100 billion in relief funds in the CARES Act for healthcare providers to cover COVID-19-related expenses means, despite the pandemic, revenues are expected to continue to grow in 2020 in the long-term care industry.



<h3>Dental Practices</h3>



Why the slump: People postponed non-urgent routine outpatient healthcare like dental cleanings once COVID-19 hit. This, paired with the record spike in unemployment, means that many households lost employer health insurance—making routine dental exams cost prohibitive. As a result, dentists had to severely reduce service hours and staff—if they didn’t close shop all together—to make up for their loss of revenue. According to an ongoing biweekly poll conducted by the ADA Health Policy Institute found from over 19,000 dentists participating that 76% of dentists has closed their offices to all but emergency patient with another 19% indicating their had closed their office completely.



Why there will be a bounce back: While you can postpone a dentist visit, for most you can’t postpone them indefinitely. As states open back up and people find new jobs, recent analysis from Bain &amp; Company expects outpatient healthcare, like dentistry and optometry, will bounce back returning to long-term stability.



<h3>Daycares</h3>



Why the slump: The same state COVID-19 precautions that pushed K-12 classes online also forced many daycares to either close or severely reduce the number of children in their care. Coupled with many parents temporarily working from home or being unemployed, the need for daytime childcare decreased, negatively impacting revenue.



Why there will be a bounce back: While companies may expand their work-from-home policies post-COVID-19, it’s expected most people will return to the office by the end of the 2020. Even now, as states loosen social-distancing restrictions, occupancy rate is back on the rise. The outlook of daycares making a full recovery from COVID-19 is promising as demand continues to increase.



This isn’t a complete of all distressed businesses on the market right now. It’s a list of businesses whose long-term demand and stability won’t have changed once COVID-19 has passed. Making these businesses perfect for entrepreneurs who want to make a long-term investment with consistent returns.



So, if you’ve been waiting for the right time to buy a business—this is it. Don’t let this opportunity pass you by. As Churchill once said, never waste a crisis.



<h4>About Us</h4>



Headquartered in Salt Lake City, Utah, Celtic Bank is a top ten SBA Preferred Lender with a proven track record of financing gas stations/c-stores, assisted living/skilled nursing facilities, daycares, auto repairs shops and healthcare practices.



We work to get you the funding you need to start or sustain your small business. From working capital to expansion, acquisitions and more, we tailor our loan solutions to meet the needs of your unique business. needs. Our Preferred status means that we underwrite and approve loan requests in-house, getting you the money, you need when you need it. For more information, please visit celticbank.com.

5 Small Businesses You May Want to Buy During COVID-19

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