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Up to $1,000,000
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FAQ

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Frequently Asked Question (FAQ's)

  • What types of business funding does Coast offer?
    •  Coast provides funding solutions tailored to the unique needs of high-end businesses.  Coast specializes in business funding programs for sophisticated business owners and entrepreneurs who want to capitalize on growth opportunities and who need a financing partner they can rely on.  Our top programs include business line of credit, working capital line, revenue-based financing, short term business loans, equipment financing and receivables financing. 
  • How can I get approved for business funding through Coast?
    • The first step is to click Apply Now to initiate the online application process. Once your initial information is submitted, check your email for a link to verify you email and finish the online application.  We’ll ask you for some basic information about you and your business. Once the application is submitted, you could get a decision in as little as five minutes.

      Here are the general guidelines and minimum requirements for approval:

      • Business must be generating $8,000 per month in verifiable revenue.

        While personal credit score does not define approval, we see best results with scores 600 and above.

      • Must be in business for at least 6 months.
      • No prior bankruptcy preferred (business or personal), if prior bankruptcy, must be discharged 12 months prior to application.
      • Business must be in good standing with the Secretary of State.
      • Business must link bank account using Plaid™ or submit the last 4 months of statements for verification. (Plaid™ connection expedites approval process)
  • What businesses are eligible to apply with Coast?
    • You can apply with Coast if your business meets the minimum qualifications and does not operate in one of the following industries:

      Ineligible industries:

      • Illegal gambling
      • Pornography
      • Political campaigns
      • Financial institutions and lenders
      • Auto dealerships
  • Does applying with Coast affect my credit score?
    • Coast Funding utilizes a soft pull to verify identity and determine qualifications. Applying and seeing what you qualify for will not impact your personal credit score. Certain programs may result in a hard inquiry; however, this will only occur with notice after an approval has been issued and your offer has been accepted. Further, if you default on a Coast Funding program you may be subject to negative business reporting and personal credit reporting where applicable.
  • How can Coast Funding help grow my business?
    • With funds as soon as the same business day, competitive rates, and no prepayment penalties, Coast Funding lets you take advantage of growth opportunities. You could use the funds to cover payroll, stock up on extra inventory, launch a new marketing campaign, hire employees, buy materials or equipment for your next big project, renovate your office, or any other business need.