A Business Line of Credit Built Around Your Cash Flow

You're approved for a credit limit — $10K to $500K at Coast — and draw funds whenever you need them. You pay only on your outstanding balance, and as you repay, your available credit restores so you can draw again. Coast's lines run on revolving 12-, 18-, or 24-month terms with weekly or monthly payments, making them ideal for recurring short-term needs like inventory, payroll timing, and seasonal swings.

Coast's baseline qualifications are 1+ year in business, $200K+ in annual revenue, a minimum 600+ FICO (most approved clients are 700+), and an active U.S. business bank account. You'll need a short application and your last four months of business bank statements — with no hard credit pull to apply. If you're close but not quite there, an advisor can point you to a better-fit Coast program.

Most applicants see a preliminary decision in as little as 5 minutes, with funding in as little as 24 hours after approval. Complete your closing documents by 11 AM PT Monday through Friday and funds can arrive the same business day; weekend approvals are processed the following business day. The application itself takes about five minutes.

Coast's rates start at 2.99% per month, charged only on your outstanding balance — unused credit costs you nothing. This is a monthly rate, not an APR, so the sooner you pay down a draw, the less it costs. There's no prepayment penalty, and we encourage early payoff. Depending on the program, a draw fee may apply; your advisor walks you through the total cost of capital before you sign.

Anything that moves the business forward. Clients most often draw on their lines to purchase inventory ahead of peak season, cover payroll through receivables gaps, fund marketing campaigns, handle equipment or property repairs, smooth seasonal cycles, and capture supplier discounts. Because the line is revolving, it can cover different needs throughout the year — the best fits are short-term uses repaid over weeks or months, not multi-year projects.

A line of credit is revolving — draw as needed, pay only on what you use, and re-draw as you repay. A term loan delivers one lump sum repaid on a fixed schedule over 4 to 36 months, drafted weekly or monthly. Choose the line for recurring or unpredictable needs; choose a term loan for a single defined project where payment certainty matters. For smaller, fully online funding, Coast also offers Swell, an online revenue advance from $5K to $100K.

No — applying involves only a soft credit pull, which doesn't impact your score. A business line of credit through Coast does not require a hard credit pull at any stage; a hard inquiry applies only to certain traditional products, such as larger equipment deals and SBA loans, and then only with notice after an approval you have chosen to move forward with. As with any credit product, default could be reported to business and personal credit bureaus where applicable — one more reason our advisors structure lines around what your cash flow genuinely supports.

Yes, Coast is a direct funding source with institutional backing. Coast funds many programs directly and arranges others through a select network of funding partnerships. Either way, your relationship is with Coast: a dedicated advisor structures your funding before closing, and a Relationship Manager supports you after — no call-center handoff. That model lets us match each business with the structure and terms that fit, rather than forcing every client into one product.

Coast serves most industries, with deep experience in medical, construction, hospitality and restaurants, manufacturing, retail, automotive repair, and professional services. A few categories are excluded: illegal gambling, adult entertainment, political campaigns, financial institutions and lenders, and auto dealerships. If your industry runs on seasonal cycles or long receivables — as many of our specialties do — a revolving line of credit is often the most natural fit.

Three things we call the Three R's. Responsibility: we're committed to guiding clients to responsible funding decisions — we'd rather structure less capital correctly than more capital carelessly. Relationship: you work with a dedicated Business Funding Advisor, not a rotating sales floor. Renewable: our programs are built to be an ongoing source of capital. It's why more than 55,000 businesses have trusted Coast with over $2 billion in funding.