Over $50K Business Loans
Generally, Coastal's Member Business Loans are loan requests from business owners who have a documented financial history and a track record of business success.
- Features
If you meet Coastal's Eligibility Requirements, Coastal's Business Loan Program can accommodate you and your business needs.
Coastal's Business Loans generally are for more seasoned businesses that have a documented financial history. However if your Coastal business loan aggregate balances total $50,000 or more, then your business would also need to apply for a Business Loan.
In order for Coastal to analyze this type of business request, your business must meet the following requirements:
- Reside in North Carolina, South Carolina, or Virginia.
- Twelve consecutive months of business operating financial statements sustained by a Federal tax return (complete with all schedules and attachments)
- Two years personal Federal tax returns (complete with all schedules and attachments)
- All appropriate business legal structure documents
- A Copy of your taxpayer identification number
In addition to the above requirements, a Business Loan package must be completed. This package consists of a Business Loan Application (two pages), Personal Financial Statement (two pages), General Authorization and Checklist of additional items Coastal requires.
To obtain a business loan package, contact a member of our Business Lending Team today!
