Celtic Bank Corporation: SBA Lending Record

A 7(a) book of 9,354 loans

Celtic Bank Corporation appears in SBA's public file as the current or last holder of 9,354 loans approved in FY2017 to FY2026, for $5.46 billion in gross dollars. The 504 side is empty at 0 loans, against 9,354 under 7(a). The page reads SBA's record of what this lender holds or held. It makes no claim about how the lender chooses its borrowers.

Asset classes: gas stations lead the classed loans

6,506 loans carry no asset class in our scheme. Of the rest, the fuel class, gas station and truck stop, tops the list at 427 loans. Full-service restaurant has 383 and hotel and motel 284. Limited-service restaurant has 224, car wash 193, beauty salon 151 and child care center 134. For a developer weighing a fuel, lodging or car wash project, the useful reading is narrow: loans of that type sit in this holder's file in the counts shown. A feasibility study for any of them still has to test traffic or occupancy, construction cost, and whether net income carries the debt.

States in the file

California holds 1,764 of the loans, Texas 894, Florida 721, New York 448 and Georgia 414. Arizona follows with 344, North Carolina with 324, Illinois with 309 and Utah with 294. The state list is long, so the file does not tie this holder to a single region. A project is local, and the study has to look at its own trade area rather than lean on these tallies.

What the loss figures say, and what is not shown

On approvals dated FY2017 to FY2024, 10.0% were cancelled after approval, which is a floor. Loan Analytics withholds the matching ceiling under its own rule, so no ceiling is printed and none should be inferred. The disbursed cohort of FY2017 to FY2021 holds 3,881 loans; 13.3% of them show a charge-off so far, on a floor basis, while the five-year measure from approval reads 9.1%. Further loans may still be charged off as the book ages. Every business type is pooled in these shares, so no single class is isolated.

Using a lender record alongside a study

A borrower who reads this page learns how large and how varied the holder's SBA file is, and which property types it carries. That helps pick a conversation partner. It does not predict an answer. The study a borrower brings should show market demand, a cost budget, a debt service coverage test under a stressed rate and a defensible appraisal, because those are what stand behind any request for credit.