Celtic Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Celtic Bank is a US direct lender for businesses and for consolidating debt, secured borrowing and credit line needs. Loan sizes of $350,000 to $5,000,000 put it well above small personal borrowing, so it suits larger balances that justify a fee and a long commitment.

Key facts

Best for
Large business, secured and consolidation loans where the balance justifies an origination fee.
APR
5% to 15% (Source, checked September 26, 2026)
Loan amount
$350,000 to $5,000,000 (Source, checked September 26, 2026)
Term
up to 300 months (Source, checked September 26, 2026)
Funding time
Funds immediately available within 48 hours after closing (Source, checked September 26, 2026)
Rate type
Variable
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Origination fee (%)
3% (Source, checked September 26, 2026)
Loan types
Business, Debt-consolidation, Secured, Credit-line
Legal entity
Celtic Bank (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Founded
2001 (Source, checked September 26, 2026)
Support channels
Phone, Email, Chat (Source, checked September 26, 2026)
Official website
celticbank.com

Apps and profiles

Elsewhere
LinkedInXfacebook.com

Pros and cons

Pros

  • Free early repayment, so clearing a balance ahead of schedule carries no extra charge
  • Funds immediately available within 48 hours after closing, which suits a working capital gap
  • Support runs on phone, email and chat, so help is easy to reach
  • A direct lender, so business, consolidation, secured and credit line borrowing sit with the same bank

Cons

  • A 3% origination fee lifts the cost of a smaller draw
  • The rate is variable, so the 5% to 15% range is not fixed for the life of the loan
Celtic Bank

Ready to try Celtic Bank?

Scored 9.2 / 10 by BorrowCue.

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Who it suits

  • Businesses covering a working capital gap that can be closed within the term
  • Borrowers consolidating several balances into a secured loan or a credit line
  • Applicants who want a US depository lender with free early repayment

Who should look elsewhere

  • Creduma ES, where loans start at from €12,000 and suit a smaller ask
  • Monzo Flex, whose 10% to 23% range suits a smaller personal profile rather than a $350,000 to $5,000,000 business balance
  • Sofkredit, whose 10.74% to 18.06% range is worth checking against Celtic Bank's 5% to 15% before committing to a long term

Safety and regulation

Celtic Bank is a direct lender, so the borrower deals with the bank itself rather than a broker. It carries FDIC cert 57056 as a US depository and is listed in the NMLS Registry as 500016, the register to check before signing. The entries point to the same legal entity, Celtic Bank.

How Celtic Bank compares

Where Celtic Bank is available

Available
United States
Licence in United States
NMLS (NMLS Registry) (500016), checked September 26, 2026
Licence in United States
FDIC (FDIC cert 57056), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Celtic Bank charge?+

The published range is 5% to 15% on loans of $350,000 to $5,000,000. The rate is variable, so the figure you start on can move with the market during the term. Budget against the top of the range rather than the opening number, because a variable rate has no ceiling written into the agreement.

What does Celtic Bank charge in fees?+

Business and secured borrowing through Celtic Bank carries a 3% origination fee, which is a percentage of the loan. On a $350,000 to $5,000,000 balance that fee is a real share of the money received, so the headline 5% to 15% understates what the loan costs. Ask for the fee in writing before signing.

Can I repay a Celtic Bank loan early?+

Free early repayment is available, so clearing a balance ahead of the agreed schedule carries no extra charge. If the working capital need disappears sooner than planned, repaying sooner reduces the interest you pay. The 3% origination fee applies to the loan itself and is not a repayment charge.

How long can a Celtic Bank loan run?+

The longest Celtic Bank term is up to 300. A long term makes the monthly payment easier to carry and the total interest higher, because the balance stays outstanding for longer. Pick the shortest term the cash flow can absorb rather than the longest one on offer.

How fast does Celtic Bank fund a loan?+

Once a loan is closed, Funds immediately available within 48 hours after closing. The window starts at closing rather than at the application, so a working capital gap should be planned around the closing date. Treat the time before closing as separate from the funding time itself, and keep cover in place until the money arrives.

Is Celtic Bank regulated?+

Celtic Bank carries FDIC cert 57056 as a US depository and is listed in the NMLS Registry as 500016. It lends as a direct lender, so the borrower signs with the bank rather than an intermediary, and the registrations sit with the same legal entity.

What kinds of loan does Celtic Bank offer?+

Celtic Bank covers business, debt consolidation and secured. A credit line lets a business draw as needed, a secured loan is tied to collateral, and a debt consolidation loan clears a stack of existing balances into a single payment. Each is aimed at a different use of the money.

Where does Celtic Bank lend?+

Celtic Bank is a US lender. It is headquartered in the US and registered under FDIC cert 57056, with an NMLS listing of 500016. Both registrations sit with US bodies, so the products and terms are set up for the US market.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Credit check, Representative example.

Celtic Bank

Celtic Bank

Large business, secured and consolidation loans where the balance justifies an origination fee.

9.2/10See alternatives

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