Celtic Bank
Utah-chartered industrial bank — top SBA 7(a) lender in the US.
Banking
📍 Salt Lake City, UT
Founded 2001
Current Valuation
Private
as of 2025
PRIVATE
Celtic Bank is a Utah-chartered industrial bank specializing in SBA 7(a) loans, asset-based lending, and banking-as-a-service partnerships. The bank went private in 2006 after previously trading publicly; 2024 revenue was approximately $345M, down 21% YoY amid SBA market softness.
Founders & Key People
Reese Howell Jr.
Investors
Management / private holders
Products
- SBA 7(a) and 504 loans
- Asset-based lending
- Commercial real estate loans
- Equipment financing
- Banking-as-a-Service partnerships
Competitors
Live Oak Bank · Cross River Bank · Newtek · Huntington Bancshares · WebBank
BankingBaaSSBA LendingIndustrial BankUtah
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025. Refreshed quarterly.