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Coastal Carolina National Bank

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Description

Coastal Carolina National Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses. With a focus on supporting local entrepreneurs, the bank provides various loan options including SBA 7(a) and 504 programs to help fund business expansion, equipment purchases, and real estate acquisitions. Their team of experienced lenders works closely with clients to understand their unique needs and craft financing solutions that align with their growth plans. The bank’s commitment to personalized service ensures that borrowers receive guidance throughout the application process, from initial inquiry to loan closing. Located in Myrtle Beach, SC, they serve a diverse range of industries, emphasizing community development and economic growth in the region. Whether you’re starting a new venture or expanding an existing business, Coastal Carolina National Bank is dedicated to helping you achieve your financial goals with flexible lending options and expert support.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.8
Google Review Count
20
Question 1
What is this place and what can I find here?
Answer 1
This is a local SBA lender offering small business financing options, including SBA 7(a) and 504 loans, to help entrepreneurs grow and expand their businesses. You can find personalized support and expert guidance throughout the loan process. They focus on serving the Myrtle Beach community and surrounding regions with tailored financial solutions.
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-ins are also welcome during business hours. Calling ahead can help you prepare the necessary documentation and streamline the process.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday from 9:00 AM to 5:00 PM. It"s advisable to contact the branch directly for specific appointment times or after-hours assistance.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or inquire about services; however, loan applications and processing may involve certain fees depending on the loan type and amount. These fees are disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small businesses in the Myrtle Beach area and surrounding regions. Business owners must meet eligibility criteria related to creditworthiness and operational history.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally preferred, though higher scores improve approval chances. The bank considers overall financial health and business performance as well.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
Typically, the underwriting process takes approximately 30 to 45 days, depending on the completeness of the application and the complexity of the loan. Prompt submission of required documentation can help expedite the process.
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