ESOP Banks, Consultants & Advisors

Brian Evans - Celtic Bank

ESOP Banks in Salt Lake City, UT

ESOP Banks are banks (that accepts deposits) or a division of a bank that mostly deals with deposits and loans for businesses, as opposed to the general public.  Generally, this form of banking offers loans that are the least expensive to acquire. Funding an ESOP Transaction is not for every bank.  In many cases, banks avoid them because they don't know how to structure them.  Our ESOP Bankers know ESOPs and their proper loan structures that will save a company thousands of dollars in fees.  Why?  Their credit committees are experienced and knowledgeable on ESOP companies, thus they don’t add risk premiums  and nasty loan covenants other Non ESOP banks would require