Celtic Bank Corporation
- Loans
- 161
- Approved
- $224M
- Median deal
- $929,000
- Median rate
- 9.50%
- Charged off
- 2.24%
#7 of 249 by loans, FY2025 to FY2026 Q3
gross approvals
national $709,300
national 9.25% at approval
402 FY2020-22 loans
Charge-off means SBA wrote the loan off as a loss. The rate covers the FY2020-22 approval cohort, not the window above, because recent loans have had less time to go bad, and is shown only for lenders with 100 or more cohort loans. Charge-off rates across all 31 lenders
Loans per fiscal year
FY2026 is partial: 73 loans approved through June 30, 2026.
| Fiscal year | Loans |
|---|---|
| FY2020 | 153 |
| FY2021 | 168 |
| FY2022 | 81 |
| FY2023 | 74 |
| FY2024 | 96 |
| FY2025 | 88 |
| FY2026 (partial year, through June 30, 2026) | 73 |
How they lend
Across 161 change-of-ownership loans, FY2025 to FY2026 Q3.
Acquisition share of their 7(a) lending
Acquisitions 733 (12.6%)Other purposes 5,086 (87.4%)
Their full 7(a) book since FY2020 is 5,819 loans. Every other figure on this page counts the 733 acquisition loans only.
Initial rate structure
Variable 100.00%Fixed 0.00%
- Middle half of rates
- 9.00% to 10.00%
- Typical margin over Prime
- Prime + 2.25% at approval (161 variable loans)
- Recent median rate
- 9.00% (n = 60, Jan 1 to Jun 30, 2026)
- Median term
- 120 months
- Collateral reported
- 99.38% of loans
- Sold on the secondary market
- 64.60% of loans
- Franchise loans
- 22.98% of loans
- Approval to first disbursement
- 14 days (n = 124)
Processing method
| Preferred Lenders Program | 99.38% | |
| 7a General | 0.62% |
SBA processing-method labels as they appear in the loan file, as shares of this lender’s window loans.
What they fund
Industries and deal sizes across 161 change-of-ownership loans, FY2025 to FY2026 Q3.
Top industries
| Retail Trade | 29.19% | |
| Accommodation and Food Services | 21.12% | |
| Other Services (except Public Administration) | 11.80% | |
| Professional, Scientific, and Technical Services | 6.21% | |
| Construction | 5.59% |
Deal size mix
Under $350K 8.70%$350K to $1M 46.58%$1M to $3.5M 35.40%$3.5M+ 9.32%
Top franchises Subway (3)
Sectors from each loan’s NAICS code; deal sizes from gross approval amounts. Window loans only.
Where they lend
Top states by this lender’s change-of-ownership loans, FY2025 to FY2026 Q3.
- California50 loans
- Texas13 loans
- Utah11 loans
- Florida7 loans
- Georgia7 loans
Grouped by ProjectState. State names link to the state lender pages where one exists.
Run a deal at these rates
The deal analyzer prices an acquisition with current SBA terms and shows whether the numbers cover the debt.
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Every 7(a) acquisition lender in the country, searchable and sortable, with loan counts, medians, and rates.
Browse all lendersSource: SBA 7(a) FOIA file, change-of-ownership loans for Celtic Bank Corporation. Window stats cover FY2025 to FY2026 Q3, as of June 30, 2026, and refresh with each quarterly cut. Rates and rate quartiles are the rates at approval. Website, headquarters, assets, founding year, and office count come from the FDIC BankFind Suite API and, for credit unions, the NCUA Credit Union Locator (public US government data). Methodology. See an error? Email us and we will correct it.