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Small Business Loans

A little extra capital can generate a lot more profit

Borrow money to buy equipment, acquire inventory or expand operations

Here's how a Small Business Loan from Coastal could help you bank better:

  • Competitive rates help your money go further
  • We cater to entrepreneurs whose loan requests and outstanding Coastal loan balances total less than $50,000
  • Bigger companies with a successful track record can fund their expansion plans
  • Our team of business loan experts can offer the advice needed to help you succeed
  • Business owners in North Carolina, South Carolina and Virginia are eligible

Entrepreneurs are the backbone of the region’s economy.

Business owners not only build profitable companies, they are the foundation of thriving communities. That’s why at Coastal Credit Union, we are happy to share our business expertise – and capital – with small and large enterprises in North Carolina, South Carolina and Virginia.

Of course, we’ll ask you to provide necessary documentation when you come to apply for a Small Business Loan or regular Business Loan. You’ll need 12 consecutive months of business operating financial statements; a federal tax return for your business (with all schedules and attachments); two years of personal federal tax returns; all appropriate business legal structure documents; and your taxpayer identification number. Sure, gathering all that will take a little effort. But our experience is that our efficient application process is no sweat for entrepreneurs who have already put forth the effort necessary to succeed. We're always eager to work with driven people like you.

Earn more cash back when you shop.

I was able to buy my first home on my own without using all of my savings.
Margaret H.

Frequently Asked Questions

As long as you have an established business account, you can apply for a loan in your business name.

You can open a small business account at any branch location. Depending on the type of business, a few additional documents will be needed to open the account.

To sign up for Digital Banking, you must accept the terms of the Digital Banking Services Agreement and Disclosure. Click on the link to Register a Business or Trust Account. Fill in the blanks for Account Number, Business or Trust Name, SSN/TIN, and Zip Code exactly the way the business or Trust is named. Press submit when complete. You will then be prompted to create a User ID and Password. Then, follow the steps when prompted.

All loans are subject to approval.

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