Small Business Loans

A little extra capital can generate a lot more profit

Borrow money to buy equipment, acquire inventory or expand operations

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. 

The Rate You Deserve

Why A Small Business Loan 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
     
The Rate You Deserve

Here’s What We’ll Need From You To Get Started

  • 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 
  • Taxpayer identification number
The Rate You Deserve

The Convenience You Have Been Looking For

  • View and pay each bill without ever handling a piece of paper

  • Set up alerts that notify you when the latest bill arrives, when a bill has been paid and when a payment is due

  • Manage your accounts with online and mobile banking with these digital how-tos

  • Learn small business tips and tricks for better cybersecurity

Adjustable-Rate Mortgage
Adjustable-Rate Mortgage
Apply for this flexible home loan if you plan on paying it off, refinancing or moving before the rate adjusts.

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.

1. In regard to the SBA Paycheck Protection Program, Coastal Federal Credit Union is using Lendio, Inc. as a third party agent that is not operated by Coastal and any loans will be made by another SBA lender, not Coastal. The privacy and security policies of Lendio, Inc may differ from those practiced by the credit union.

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