Coastal Community Bank

This is a bank that provides SBA loan programs tailored to small and medium-sized businesses, offering personalized financial solutions to support growth and expansion.

It's recommended to schedule an appointment to ensure dedicated time with a lending specialist, but walk-ins may be accommodated depending on availability.

Coastal Community Bank's Evergreen Way branch is open Monday through Friday, 9:00 AM to 5:00 PM. Please contact the branch at (425) 349-2600 to confirm current hours or arrange after-hours appointments.

There are no fees for visiting the bank; however, certain loan applications or services may involve processing or origination fees as part of the loan agreement.

This bank primarily serves local residents and businesses in the Everett area and surrounding regions, but its SBA lending services are available to qualifying small businesses nationwide.

A minimum personal credit score of 620 is generally preferred, though other factors may also influence approval decisions.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Coastal Community 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 Community Bank to confirm current weekend availability before you go.

Coastal Community Bank is located in Washington — 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.

This page is an independent directory listing for Coastal Community Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Coastal Community Bank itself, which runs its own lending under its own ownership. If you work at Coastal Community Bank, you can claim this listing from this page to manage it.

The core details for Coastal Community 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 Community Bank before applying. If you represent Coastal Community Bank, claim this listing to keep its information up to date.

You can reach Coastal Community Bank by phone at (425) 349-2600 or online at coastalbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Coastal Community Bank before relying on them.

Based on its approved SBA loans, Coastal Community Bank most often finances businesses in manufacturing, construction & contractors, restaurants & food service, general retail, medical practices & clinics, and wholesale & distribution. This reflects Coastal Community Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Coastal Community Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Coastal Community Bank participates in SBA Express depends on its specific SBA lending authority. Contact Coastal Community Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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 Community Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

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 Community Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Coastal Community Bank directly whether it considers start-up loans.

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 Community Bank what down payment it expects for your specific commercial real estate purchase.

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 Community Bank to spell out any prepayment penalties before you sign.

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 Community Bank to confirm it qualifies and how to document it.

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 Community Bank weighs this case by case under its own policy, so be upfront about your history and ask Coastal Community Bank how it evaluates prior bankruptcies.