Coastal Carolina National Bank
Coastal Carolina National Bank is an active SBA lender in South Carolina, a bank offering SBA-guaranteed small-business loans. Currently rated 3.8 stars across 20 Google reviews.
$17M
in SBA approvals since 2011
26
SBA loans funded
Manufacturing · Hotels & Lodging · Wholesale & Distribution
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Coastal Carolina National Bank
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.
Common questions about Coastal Carolina National Bank
What is this place and what can I find here?
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.
Do I need an appointment or can I walk in?
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.
What are the hours of operation?
Coastal Carolina National Bank operates Monday through Thursday from 8:30 AM to 5:00 PM, and Friday from 8:30 AM to 5:30 PM. Please confirm these hours with the bank as they may vary by branch.
Is there a fee to use this?
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.
Who is this open to — anyone, or only residents/members?
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.
What minimum personal credit score does this bank look for in a guarantor?
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.
How long does the traditional underwriting process take from start to close?
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.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Coastal Carolina National Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Coastal Carolina National Bank to confirm current weekend availability before you go.
How do I get there and where do I park?
Coastal Carolina National Bank is located in South Carolina — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Coastal Carolina National Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Coastal Carolina National Bank itself, which runs its own lending under its own ownership. If you work at Coastal Carolina National Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Coastal Carolina National Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Coastal Carolina National Bank before applying. If you represent Coastal Carolina National Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can submit an online inquiry form at https://www.myccnb.com/inquiries or call the Myrtle Beach branch at (843) 839-2265.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Coastal Carolina National Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Coastal Carolina National Bank directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Coastal Carolina National Bank participates in SBA Express depends on its specific SBA lending authority. Contact Coastal Carolina National Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Coastal Carolina National Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Coastal Carolina National Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Coastal Carolina National Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Coastal Carolina National Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Coastal Carolina National Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Coastal Carolina National Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Coastal Carolina National Bank weighs this case by case under its own policy, so be upfront about your history and ask Coastal Carolina National Bank how it evaluates prior bankruptcies.
