Celtic Bank

I received my first PPP Draw from Celtic Bank from Blue Vine. A year later they file a claim against my Bank for the loan. This has to be illegal. You can't make a loan and then file a fraudulent claim a year later. The payback period has not even started. I got a legit loan for a current and still operating business. The loan was only 40000. They have given out loans much higher to actual crooks. This ridiculous and not how you treat customers. I will be filing.

I received my first PPP Draw from Celtic Bank but was denied Draw 2 without any reason. A year later they file a claim against my Bank for the first loan. This has to be illegal you can't make a loan and then file a fraudulent claim a year later. The payback period has not even started. I got a legit loan for a current and still operating business. The loan was only $3,750. They have given out loans much higher to actual crooks. This ridiculous and not how you treat customers. I will be filing a complaint with the SBA as well.

Celtic Bank is terrific in obtaining your business. Once a “customer” expect days before a response, if any, and even longer for any action. You can expect emails from Executive Vice President, Special Assets and Loan Servicing that are in red bold lettering and stating things like “we are doing everything in our power to help accommodate your request (potentially)” & “However, you should know, there are no less than 45 other requests that came before yours." These were not statements made when we secured our relationship a number of years ago.

Matt ** and team are cons, bait and switch pros! They are like old school car dealers with non existing fees! Don't deliver. Ask for GOOD FAITH DEPOSITS? CONSTRUCTION MONITORING FEES AND ABOVE RATE INTEREST! and if you don't except they wait months to deny... BEWARE! BANK LEADERS DON'T RESPOND EITHER!

Our own bank USBANK blew it on our PPP application. We submitted applications they day it was announced. We gave them everything else they requested immediately since they already had most of our info as a banking client. I called every day with no update from them. Then the funds ran out. We thought we were done for. Then congress announced more money to help the smaller businesses like us.

After having 3 loans for online products and two motorcycle loans through them they now say I'm not creditworthy to them. I have not missed one payment on any loans and paid two off early. I was approved for a $830 loan a week ago and Now that we have this coronavirus I'm denied for any loan. Big banks I'm done with you all for the rest of my life. My money will go in a jar.

Celtic Bank works with Kabbage. They decided to pull funding and remove all credit lines right now, during the Covid-19 time. They are doing the opposite of what other financial institutions are doing, making it harder for businesses. I encourage everyone affected to contact their state Attorney General. Their behavior during this time is deplorable.

As a new business owner, I had many questions about the loan process as well as next steps. The staff at Celtic Bank were patient and gave advice to help me throughout the process. Lea J, my closing agent, was courteous and assisted me every step of the way. Thanks Lea, and thank you Celtic Bank!

Although Celcin (Commercial Loan Specialist) was very helpful and cordial, I was VERY disappointed in this bank. A complete WASTE of a month's time. I was told 2 times that we pre-qualified (we meet all of the necessary requirements), One for a $250k loan, then one for a $150k loan. They came back and told us the 250K was rejected but we qualified for a $150k loan. Then they came back and reject us for the $150k. My companies' assets exceed this amount and my personal credit rating was around 800. My personnel net worth is around 6 times greater than the requested amount. This just does NOT add up. I cannot help but wonder what the REAL reason was.

I've worked with several asset based lenders over the 20 years in business and Celtic was able to build a comprehensive SBA ABL program that enabled us to not only borrow on receivables and Inventory but PO financing was bundled into the equation at very reasonable rates. This trifecta enabled us to achieve growth we wouldn't be able to without such a program.