Celtic Bank Partners with Casca to Power SBA Lending Program
Celtic Bank has selected Casca to power its Small Business Administration lending program, announced in a press release. The collaboration aims to accelerate loan origination, increase conversion rates, and simplify the digital experience for borrowers.
Casca’s AI platform enables Celtic Bank to move from contract to configuration within weeks, compared to the longer implementation times of traditional systems. The platform streamlines the lending process by automating data entry, document collection, and financial analysis.
For Celtic Bank’s SBA 7(a) Express program, borrowers can now apply and receive decisions through an online process that simplifies complex forms into guided steps. The system also integrates with existing third party services such as credit bureaus and core banking software.
Celtic Bank, an SBA Preferred Lender, joins other institutions like Live Oak Bank and Huntington National Bank in using Casca’s platform to expand their SBA lending capabilities.
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