Generally, Coastal’s Member Business Loans are loan requests from business owners who have a documented financial history and a track record of business success.

If you meet Coastal’s Eligibility Requirements, Coastal’s Member Business Loan Program can accommodate you and your business needs.

Coastal’s Member Business Loans generally are for more seasoned businesses that have a documented financial history. However if your Coastal business loan aggregate balances total $50,000 or more, then your business would also need to apply for a Member Business Loan.

In order for Coastal to analyze this type of business request, your business must meet the following requirements:

• Twelve consecutive months of business operating financial statements sustained by a Federal tax return (complete with all schedules and attachments)
• 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.

In addition to the above requirements, a Member Business Loan package must be completed. A Member Business Loan package consists of a Business Loan Application (two pages), Personal Financial Statement (two pages), General Authorization and Checklist of additional items Coastal requires.

To obtain a business loan package, contact our a member of our Business Lending Team today!