Celtic Bank Hires Ralph Lewerenz as Vice President of Asset-Based Lending

FOR IMMEDIATE RELEASE

MEDIA CONTACT:
Alfred Quinn
Celtic Bank
801.320.6569
aquinn@celticbank.com


Salt Lake City, UT– March 22nd, 2012
Nationally ranked SBA lender Celtic Bank recently announced the hiring of asset-based lending veteran Ralph Lewerenz as Vice President of Business Development in Dallas, TX. His focus will be on the bank’s SBA Working Capital CAPLines Program. 

Lewerenz has over 25 years of sales and senior management experience in the asset based lending and equipment leasing industry. Prior to joining Celtic he worked with ITT Capital Finance, Transamerica Financial, a subsidiary of Transamerica Insurance, and GE Capital.

“Ralph is an entrepreneur and has a deep understanding of what a small business needs to grow and be successful. He is an expert in asset-based loans and at helping business owners secure funding. We are extremely excited to have him join our team at Celtic Bank,” said Daniel Godfrey, VP of Asset-Based Lending at Celtic Bank.

Celtic Bank can process capital lines of credit up to $5 million for SBA Working Capital CAPLines, (previously Standard Asset-Based CAPLines) under the Preferred Lender Program. Asset-Based CAPLines are tailored to companies that sell to other businesses on terms of open credit and are experiencing inadequate cash flow issues, high growth, or seasonal working capital needs.

About Celtic Bank:

Celtic Bank is a leading provider of small business loans, real estate and construction loans for customers throughout the country. Headquartered in Salt Lake City, Utah, Celtic Bank serves small businesses across the country. Celtic Bank is a member of the FDIC and is an Equal Housing, Preferred SBA, and FHA lender. Celtic Bank is the premier provider of Working Capital CAPLines in the country and is a national preferred SBA 7(a), CAPLines, and Express lender. As an industrial bank, Celtic is unable to accept demand deposit relationships.

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