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Coastal1 Credit Union

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Description

Coastal1 Credit Union offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on small business financing, it provides various loan options including the popular SBA 7(a) program, which is ideal for working capital, equipment purchase, and real estate acquisition. The credit union emphasizes personalized service and flexible lending criteria, making it an accessible choice for local entrepreneurs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. They serve a broad range of industries, with particular strength in sectors like manufacturing, retail, and services. The institution maintains a strong commitment to community development and economic growth, leveraging its regional presence to foster local business success. Whether you’re a startup or an established company, Coastal1 Credit Union aims to meet your financing needs with competitive rates and dedicated service.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
283
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused credit union offering SBA loan programs, business financing options, and personalized banking services designed to support small businesses and entrepreneurs in the region.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The branch operates Monday through Friday from 9:00 AM to 5:00 PM, with extended hours by appointment upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, loan processing and application fees may apply depending on the specific financing product.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
Membership is open to residents and businesses within the community, with eligibility criteria based on geographic and membership requirements.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, though other factors may also influence approval decisions.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.
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