Celtic Bank is happy to announce that Michael Fosmark is bearing its new pecialty commercial money separation. This new division brings mutually several recognized lines of business within the bank, including Leasing & Equipment Finance, Construction Financing, Asset-Based Lending and Renewable power
Fosmark, with over thirty years of banking and finance experience, together Celtic Bank in 2015. He spent the earlier twelve years building a narrow Utah bank from the ground up and required out yet another “ground floor” face at Celtic in building its new equipment finance division, leveraging the bank’s national achieve as a top-ten SBA lender. He now has a solid rental and tools finance team in place, which includes long-time colleague Trevor Rawlings.
“In recently’s world, one-size-fits all lending doesn’t meet the require of many companies. Our aim at Celtic Bank is to supply tailored financing solutions, mutually with our SBA products, to meet the definite needs of our customers and assist their business grow,” says Fosmark. This new synergy creates an efficient path to grow these personage units and the bank’s profitable field finance collection as a whole. Fosmark is looking forward to working with additional field finance leaders at Celtic – Daniel Godfrey in Asset-Based lending, Justin Fuller in renewable energy and Steve Howell in construction
This new agenda will also increase awareness among existing and past Celtic Bank customers, who may not know the bank’s credit desire extends into these subject donations. Overall, the aim is to continue filling what a new Harvard Business School “State of Small Business Lending” study calls a “persistent¬” small business credit gap, giving small business owners a single, trusted source for all their financing requirements.


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