OnDeck is partnering with Celtic Bank to serve small business owners seeking funding under the Small Business Administration’s Paycheck Protection Program.
Celtic Capital provided a $1.3 million accounts receivable line of credit and a $200,000 inventory line of credit to a Washington-based manufacturer of imaged products.
Michael Fosmark will head Celtic Bank’s new Specialty Commercial Finance division, which will combine several departments including Leasing & Equipment Finance and Asset-Based Lending.
Celtic Bank said Michael A. Johnson has been hired as vice president of Business Development in the bank’s SBA and Commercial Lending department.
Celtic Bank announced Will Floyd and Joseph Amato were hired as vice presidents of business development in the bank’s SBA and Commercial Lending Department.
Celtic Bank said Ben Smith was hired as vice president of Business Development in the SBA and Commercial Lending Department. Smith began his professional career as a commercial loan underwriter at Zions Bank