Celtic Bank Provides Small Business Loan to Progressive Freight Broker

FOR IMMEDIATE RELEASE              

Media Contact: Alfred Quinn

(801) 320-6569

aquinn@celticbank.com

Celtic Bank Provides Small Business Loan to Progressive Freight Broker

SALT LAKE CITY (May 22, 2012) – Celtic Bank announced today that it has closed a Small Business Administration (SBA) Working Capital CAPLines loan for CargoBarn of Fresno, California. Founded in 2007, Cargo Barn saw an opportunity as a transportation broker to deliver excellent services in “an industry short on integrity and innovation.” Today, they are one of America’s fastest-growing shipping and logistics companies.

According to CEO Cameron Baird, acquiring funding for business expansion was challenging until discovering Celtic Bank. “Given our current growth rate, we found lenders were worried they wouldn’t be able to keep up with our business long term,” he said in a recent interview. “Thank goodness we found Celtic Bank,” he went on. “Everything is working as promised and they are helping us meet our growth goals."

Celtic Bank is a national leader in Small Business Administration loans and small business lines of credit under the SBA Working Capital CAPLines program.

About Celtic Bank:

Headquartered in Salt Lake City, UT, Celtic Bank supports customers throughout the country and is a leading provider of small business loans, 7(a) SBA loans, real estate financing and construction loans. Celtic Bank is an Equal Housing, SBA Preferred, and FHA lender. Member FDIC.