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Coastal Heritage Bank

Coastal Heritage Bank
Coastal Heritage Bank

Description

Coastal Heritage Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they help clients navigate SBA loan programs including the popular 7(a) and 504 options, providing flexible terms and competitive rates. Their experienced team works closely with borrowers to understand their unique circumstances and craft solutions that align with their business goals. The bank’s expertise extends to various industries, ensuring tailored financing options for retail, hospitality, manufacturing, and other sectors. Located in Weymouth, MA, they serve the local community while supporting businesses across the region. Whether you’re a startup or an established enterprise, Coastal Heritage Bank is committed to helping you access the capital necessary to succeed. Their dedicated SBA team simplifies the application process, offering guidance every step of the way, from initial consultation to closing. With a strong track record of approving loans up to $145,000, they are a reliable partner for small business owners seeking growth opportunities.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.7
Google Review Count
11
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and small business financing solutions designed to support local entrepreneurs and growing businesses.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a lending specialist, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank is open from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic consultation services; however, loan application and closing fees may apply depending on the financing terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs in the Weymouth area and surrounding regions.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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