Under $50K Business Loans
You are in the market for a small member business loan (MBL). If you meet Coastal's Eligibility Requirements, a small business loan may be just moments away.
- Features
Collectively, if your current business loan request and/or your outstanding Coastal business loan balances total less than $50,000, you meet Coastal's criteria for a Small Business Loan.
Coastal's Small Business Short Application (pdf) is a one-page application that will help Coastal expedite smaller loan requests, which better serves you and your business.
You can download the application at your place of business or at your home. There are a few types of business requests that are not processed via this Small Business Short Application. They are: Business Visas, and any Real Estate Secured Loans.
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.
