Go Back

Coastal States Bank

Coastal States Bank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, the bank provides various loan programs including the SBA 7(a) and 504 loans, designed to meet diverse business needs such as working capital, equipment purchase, and real estate acquisition. Their experienced lending team guides clients through the application process, ensuring quick and efficient funding. The bank emphasizes personalized service, working closely with borrowers to develop financing options that align with their strategic goals. Whether you’re expanding operations or starting a new venture, Coastal States Bank is committed to helping businesses succeed with flexible terms and competitive rates. Their strong community presence and dedicated support make them a reliable partner for business financing in the Hilton Head Island area and beyond.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Google Rating

4.7

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs and business financing solutions designed to support small and medium-sized enterprises. You can find assistance with loans for real estate, equipment, and working capital, tailored to your business needs. The bank provides personalized service to help you navigate the application process and secure the funding necessary for growth.

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 lender, but walk-ins may be accommodated depending on availability. Contact the branch in advance to confirm the best way to meet your needs.

Question 3

What are the hours of operation?

Answer 3

The branch typically operates Monday through Friday from 9:00 AM to 5:00 PM. It"s advisable to call ahead for specific hours or to arrange an appointment outside regular hours.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting or consulting with the bank; however, loan processing and application fees may apply depending on the services used. Fees are disclosed upfront during the application process.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves residents and businesses within its regional service area, but eligibility for loans depends on meeting specific credit and business criteria. Non-residents may also qualify if they meet the requirements.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

Typically, a minimum personal credit score of 620 is preferred, though higher scores may improve loan approval chances and terms.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation provided.

Coastal States Bank

Description

Location

Review

Q&A