SBA lending record

Law Office of Kevin R. McSpadden, PC

3355 Wilshire Boulevard, Suite 1001, Los Angeles, CA 90010 · Offices of Lawyers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$100K

Total SBA financing

Loan on record

FY2022

On record

Jobs supported

● business · ● lender — business location is the ZIP-area centroid from the public record

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The loan

$100,000 — FY2022

Gross approval: $100,000
SBA guaranteed: $85,000 (85%)
Status: Charged off (failed)
Rate at approval: 7.5% v
Term: 92 mo (8 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/13/2022
First disbursement: 7/28/2022
Days to fund: 15 days
Charged off: 3/13/2025
Charge-off amount: $88,418

The lender

Celtic Bank Corporation

1 loan to this business

Total assets: $4965.3B
Deposits: $3560.0B
Loans outstanding: $4068.3B
Net income: $40.1B
Return on assets: 3.2905298677485337%
Return on equity: 18.48%
Total equity: $886.6B
Offices: 1
Founded: 03/0
Headquarters: 268 S State St, Salt Lake City, UT, 84111
FDIC cert: 57056
Website

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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Law Office of Kevin R. McSpadden, PC.