1. Celtic Express Loans Product Overview
Celtic bank
Celtic Express Loans Product Overview

2. Celtic Bank
Established in 2001
Currently ranked 6th largest SBA lender nationally (source: SBA-12/31/13)
Over $110M in SBA approvals FY2012
Nationwide lender
Multiple winner of the SBA “Lender of the Year” award
Loan amounts between $20k and $5M

3. Term & Amortization: 10-year fully amortized loan
Celtic Express Loans
Loan Amounts: $20k to $150k
Collateral:
Loans from $26k to $150k require a best available lien on business assets
Term & Amortization: 10-year fully amortized loan
Less documentation than traditional SBA loans
Use of Proceeds: Working Capital for general operating expenses

4. Most SBA eligible businesses are eligible…no special qualifiers
7(a) Small Loan Program
Most SBA eligible businesses are eligible…no special qualifiers
Loans over $25k require a best available lien on business assets
Loan-to-value or other collateral ratios are not considered as part of the underwriting process

5. Export Express Loan Program
Business must have been in operation for at least 12 months generating 12 months of revenue
No start-up businesses
Business must either already export products or intend to export products with loan proceeds
70% of loan proceeds must help establish or expand upon new foreign markets
Business must be a U.S. business. Cannot use funds to establish operations in another country

6. Export Express Benefits
No lien on personal real estate
No UCC filing on business assets
Export Express loans are unsecured up to $150K

7. Celtic Express Interest Rates
7(a) Small Loan Program Loans from $20,000 - $25,000 Prime % Loans from $26,000 - $50,000 Prime % Loans from $51,000 - $150,00 Prime % Export Express Loan Program Loans from $20,000 - $50,000 Prime % Loans from $51,000 - $150,000 Prime %

8. Loan Costs
Packaging Fee – Celtic Bank packaging fee as follows:
Loans $20k to $50k - 3% of the loan amount not to exceed $550
Loans $51k to $100k - 2% of the loan amount not to exceed $1,000
Loans $101k to $150k - 2% of the loan amount not to exceed $1,500
SBA Guaranty Fee – 2.0% of the guaranteed portion of the loan. SBA Guaranty Fees have been waived for 2014.
85% guaranty on 7(a) Small Loan Program
Loan Amount x .02 x .85 = SBA Guaranty Fee
90% guaranty on Export Express Loans
Loan Amount x .02 x .90 = SBA Guaranty Fee
Loan Payments – Auto draft from a business checking account at your local bank or credit union

9. Fair Isaac SBSS credit scoring model Evaluating payment history
Credit Analysis
Fair Isaac SBSS credit scoring model
Evaluating payment history
Evaluating business industry risk
Evaluating time in business
Evaluating number of accounts
Evaluating % of revolving balance available
Evaluating personal debt-to-income ratio
Evaluating other factors
No magic personal credit score cut-off

10. History of Business
One Page History of Business Questionnaire
Nature of Business
Outlook
How Will the Loan Benefit the Business
Customer Profile
Key Customers, Major Competitors, Geographic Area
Major Suppliers
List of Trade Association(s) or Regulatory Agencies
Future Growth Plans
Major Past Accomplishments
Marketing Analysis and Strategy

11. Eligibility and Restrictions
Start–up businesses allowed
Business must be able to begin operations at funding
No business acquisitions
No gas stations or other EPA sensitive properties or businesses
No construction, renovation or build-outs
Franchises must be on the SBA approved franchise registry
Individuals with a criminal history must be cleared by both Celtic Bank and SBA’s 912 procedures

12. Celtic Express Process
Simple application
Submit completed and signed application
Quick approvals (no loan committee approvals required)
Typical turnaround time for initial credit screening is 48 hours or less
Checklist of required documentation and due diligence items are sent to small business owner(s) upon initial credit clearance by a loan processor
Joint Personal Financial Statements of all owners of 20% or more
Signed 5406 T’s – Personal, Business and any affiliates
History of Business
24 month projections on Celtic Spreadsheet
Management Resume
Business Debt Schedule and Affiliate Debt Schedule if applicable
Accts Rec / Payable Ageing Report
Tax ID number

13. Celtic Express Process
Lease with at least 10 years of options
Signed Landlords Release
Articles of Incorporation
Once all required documentation is submitted, a final loan decision is made
Loan is assigned to a closer to get any remaining items needed, prepare closing documents and get them executed.
Funds are wired to borrowers business checking account.

14. Celtic Express
Loan applications $20,000 up to $150,

15. Q & A