PPP lender · derived table
Celtic Bank Corporation
Profile → Celtic Bank
Celtic Bank Corporation appears in the SBA PPP loan-level file with 167,201 loans and $4.5 billion in approved dollars, an average of $26,882 a loan. That is 1.5% of the 11,468,171 loans in our per-lender totals (39 fewer than the 11,468,210 in the SBA file), rank 28 of the 500 largest lenders by approved dollars and rank 15 by loan count. Borrowers on those loans reported 623,366 jobs, 3.7 a loan, and $7,210 of approved dollars for each reported job.
Totals
| Loans | 167,201 |
| Approved dollars | $4,494,635,837.48 |
| Average loan | $26,881.63 |
| Share of program loans | 1.458% |
| Rank by approved dollars | 28 of 500 |
| Rank by loan count | 15 of 500 |
| Jobs reported | 623,366 |
| Jobs per loan | 3.7282 |
| Approved dollars per reported job | $7,210.27 |
| Borrowers | 154,710 |
| Loans per borrower | 1.081 |
| Lender type (archive classification) | Fintech / BaaS bank |
| Modeled processing fees | $233,058,941.75 |
| Modeled fees, 2020 first-draw loans | $175,181,469.71 |
| Modeled fees, 2021 first-draw loans | $0 |
| Modeled fees, 2021 second-draw loans | $57,877,472.04 |
| Modeled fee per loan | $1,393.88 |
| Rank by modeled fees | 26 of 4,688 originating lenders |
Named in the archive
None in the archive: no court filing or source document carries this name in its title or description.
Borrowers' public filings
Guru Experience Co., whose statements Live Current Media Inc. filed with the SEC on February 14, 2023 as Exhibit 99.3, reported that on July 30, 2021 it "received notice from Celtic Bank indicating that the Small Business Administration approved the forgiveness of the CARES Act loan payable in the amount of $122,374" (Live Current Media Inc.: Exhibit 99.3 — Guru Experience, Co. Condensed Balance Sheets (September 30, 2022)).
Data and method
Totals come from SBA's PPP loan-level file (FOIA release of 2024-09-30); ranks are among its 4,688 named originating lenders. Modeled fees are computed loan by loan from SBA's published fee schedule, because SBA never published what it paid each lender. Jobs are self-reported; dollars are approved, not disbursed; the totals leave out 39 source rows. The per-lender totals page has the full method.