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Member Business Auto Loans

Member Business Auto Loans

You are in the market for a new or used vehicle for your business. If you meet Coastal’s Eligibility Requirements, a Member Business Auto Loan may be just moments away. Download our Business Loan Short Application Form (pdf) to apply today.

In order for Coastal to analyze your request for a Business Auto Loan, you need to submit the following items with your completed business auto loan application:

  • Two years of business financial statements (complete federal tax returns or two fiscal year end balance sheets and income statements)
  • Two years personal Federal tax returns (complete with all schedules and attachments)
  • All appropriate business legal structure documents
  • A Copy of your taxpayer identification number

Whether the loan transaction is a purchase, refinance or transfer of ownership, NCUA Federal Regulatory restraints only allow Coastal to lend 90% of the purchase price or appraised value (whichever is less) on any vehicle in a business’s name.

If you prefer to qualify for 100% financing under your personal name, apply with Coastal’s Consumer Lending Department today. Coastal’s Consumer Lending Department is waiting and willing to process your request.

Have a Question? Visit our Business Lending FAQs.


Or Contact Our Business Lending Team:
 
Raleigh Area
Evans Lackey
Member Business Loan Officer
Phone: (800) 361-4856, ex 8217
(919) 420-8217
Fax: (919) 420-8257

Wil Spears
Member Business Loan Officer
Phone: (800) 361-4856, ex 8263
(919) 420-8263
Fax: (919) 420-8257

Charlotte Area
John Stephan
Member Business Loan Officer
Phone: (704) 831-3409
Fax: (704) 831-3404
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Members' accounts are insured by the National Credit Union Administration (NCUA) up to $100,000 (IRA accounts are insured up to $250,000). Equal Housing Lender. Penalty for early withdrawal from Certificate Accounts. Rates subject to change daily. Terms and Conditions do apply. » indicates a 3rd party link. © 2008 Coastal Federal Credit Union All rights reserved.
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