Coasthills Federal Credit Union
Coasthills Federal Credit Union is an active SBA lender in California, a credit union offering SBA-guaranteed small-business loans. Currently rated 4.3 stars across 99 Google reviews.
$27M
in SBA approvals since 2010
105
SBA loans funded
Restaurants & Food Service · Construction & Contractors · Automotive Repair & Services
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Coasthills Federal Credit Union
Coasthills Federal Credit Union offers comprehensive SBA lending options tailored to small businesses seeking financial support for growth and development. With a focus on serving the local community, this credit union provides personalized service and flexible financing solutions. Their SBA programs include the popular 7(a) loan, which supports various business needs such as working capital, equipment purchase, and real estate acquisition. The institution is committed to helping small business owners access the capital they need to thrive, offering competitive rates and a straightforward application process. Whether you're a startup or an established business, Coasthills Federal Credit Union aims to be a reliable partner in your financial journey, leveraging their strong local presence and expertise to assist clients effectively. They also support microloans and other SBA initiatives to foster small business growth in the region. Their dedicated team works closely with borrowers to understand their unique needs and guide them through the lending process, ensuring a smooth experience from application to funding.
Industries Coasthills Federal Credit Union finances
Business types Coasthills Federal Credit Union actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Coasthills Federal Credit Union
What is this place and what can I find here?
This is a community-focused credit union offering small business loans, including SBA programs, to support local entrepreneurs and business owners in Santa Maria, California. You can access personalized financial services designed to help your business grow and succeed.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours. Calling ahead can help you prepare for your visit and expedite the process.
What are the hours of operation?
Typically, the branch operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to check directly with the branch for any variations or holiday hours.
Is there a fee to use this?
There are no fees for simply visiting or inquiring; however, loan products may have associated interest rates and closing costs. Fees depend on the specific loan program and terms.
Who is this open to — anyone, or only residents/members?
Membership is generally open to residents and small business owners within the community served by the credit union. Specific eligibility criteria apply, and membership benefits include access to various financial products.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of around 640 is typically preferred, but approval depends on the overall financial profile and the specific loan type.
How long does the traditional underwriting process take from start to close?
The underwriting process usually takes approximately 2 to 4 weeks, depending on the complexity of the application and completeness of submitted documentation.
Is this open on weekends?
Most credit unions keep weekday business hours and are closed on weekends, and Coasthills Federal Credit Union 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 Coasthills Federal Credit Union to confirm current weekend availability before you go.
How do I get there and where do I park?
Coasthills Federal Credit Union is located in California — see the contact card for the full address. Most credit union 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 Coasthills Federal Credit Union, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Coasthills Federal Credit Union itself, which runs its own lending under its own ownership. If you work at Coasthills Federal Credit Union, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Coasthills Federal Credit Union — 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 Coasthills Federal Credit Union before applying. If you represent Coasthills Federal Credit Union, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Coasthills Federal Credit Union by phone at (805) 733-7600 or online at coasthills.coop — 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 Coasthills Federal Credit Union before relying on them.
What core industries does this lender traditionally choose to finance?
Based on its approved SBA loans, Coasthills Federal Credit Union most often finances businesses in restaurants & food service, construction & contractors, automotive repair & services, and food manufacturing & processing. This reflects Coasthills Federal Credit Union'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 Coasthills Federal Credit Union which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Coasthills Federal Credit Union participates in SBA Express depends on its specific SBA lending authority. Contact Coasthills Federal Credit Union and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this lender 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 credit unions hold PLP status, but it varies by institution. Coasthills Federal Credit Union can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this lender?
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. Coasthills Federal Credit Union's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Coasthills Federal Credit Union 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 Coasthills Federal Credit Union what down payment it expects for your specific commercial real estate purchase.
Does this lender 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 Coasthills Federal Credit Union to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this lender 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 Coasthills Federal Credit Union 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. Coasthills Federal Credit Union weighs this case by case under its own policy, so be upfront about your history and ask Coasthills Federal Credit Union how it evaluates prior bankruptcies.
