Press Releases

Utah-Based SBA Lender Celtic Bank Punches Above Its Weight with $2.5 Billion in PPP Funding

LinkedIn-Post

SALT LAKE CITY, UTAH, May 27th, 2020 – Celtic Bank, a Utah-based industrial bank specializing in small business lending, officially funded over 99,000 Paycheck Protection Program (PPP) Loans, totaling over $2.5 billion since the April 3rd launch of the program.

"Celtic in conjunction with our referral and strategic partners has made a significant contribution to the small business community related to the Paycheck Protection Program,” said Celtic Bank CEO Reese Howell. "It has been extremely gratifying to see firsthand the impact our amazing team of people has made in the lives of so many business owners and employees."

With a small staff of just over 200—all working remotely around the clock—Celtic Bank employees helped save over a half a million jobs across the country.

"Everyone at Celtic was remarkably responsive, engaged and personable given the tight timeframes and what must be an amazing volume of applications,” said Creative Director and CTO of Antics Digital Marketing Kevin Welsh, after receiving his PPP funds from Celtic Bank. "Compared to the other banks we first engaged with, your interactions with us were night-and-day different. That difference was valued more than you may know, especially given the circumstances."

If you haven’t secured PPP funding yet for your business, over $100 billion remains in the program. Celtic Bank continues to accept new PPP applications here.

Even while the Bank shifted operations to process the surge of PPP loan applications, Celtic Bank still maintained capacity to approve over $55MM in SBA 7(a) Loans—on top of PPP Loans. So, if you or a client are struggling to find financing to buy, build or expand your business, explore your options with Celtic Bank.

For more information or any questions, please contact Trent Wardrop at This email address is being protected from spambots. You need JavaScript enabled to view it. or visit Celtic Bank at www.celticbank.com.

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