The Business Loan for Your Next Big Move

You receive one lump sum upfront and repay it on a fixed schedule over a term of 4 to 36 months. Most term structures draft weekly, with monthly available on stronger profiles. Because the amount never changes, budgeting stays simple from the first payment to the last. Your advisor helps you match the loan amount and term to the project you're funding, so the structure fits the investment — not the other way around.

Coast term loans range from $10,000 to $1,000,000. The right amount depends on your revenue, cash flow, and the scope of the project you're funding. Your advisor will help you size the loan to the investment itself, so you're not borrowing more than the project requires or carrying payments larger than your budget comfortably supports.

Coast writes business loans on terms from 4 to 36 months. Where your business lands depends on how it underwrites — the stronger the business looks on revenue, time in business and cash flow, the further underwriting will extend the term. Most funded programs settle between 9 and 15 months. Term length is also the main lever on the size of your payment: the same amount spread over a longer term means a lighter draft each time, which is often the difference between funding that fits your cash flow and funding that strains it. Your advisor will put the options side by side so you can see the trade-off.

Funding can arrive in as little as 24 hours after approval. The application takes about five minutes, and preliminary decisions often come back the same day. If your closing documents are completed by 11 AM PT Monday through Friday, funds can arrive the same business day; approvals completed later are processed the following business day.

Your cost depends on your business qualifications, the amount you borrow, and the term you choose. What stays constant: your total repayment is fixed before you sign, and your payment never changes over the life of the loan. Your advisor will walk you through your total funded amount and total repayment upfront, so there are no surprises later.

Most approved clients have at least one year in business, $100,000 or more in annual revenue, and a FICO score of 600 or higher. You'll also need a U.S.-based business with an active business bank account. There's no hard credit pull to apply, so you can explore your options without affecting your personal credit score.

A term loan delivers one lump sum with a fixed payment schedule — ideal when you know exactly what you're funding and what it costs. A business line of credit gives you a revolving limit you can draw from as needed, paying only on what you use. If your capital needs are recurring or unpredictable, the line of credit is usually the better fit; for a single defined investment, the term loan wins.

A Coast business loan is a fixed-term, non-revolving structure. You receive the full amount once and repay it on a set schedule until the balance reaches zero — the funds do not become available again as you repay. A business line of credit is the revolving structure: your limit replenishes as you pay down what you have drawn, so you can draw again without reapplying. If you expect to need capital more than once, a line of credit is usually the better match. If you are funding one defined project, the fixed-term structure keeps your payoff date and your total certain from the start.

Coast business loans are written on fixed terms. Your payment amount and your total repayment are set before you sign and do not move with the market. Variable structures, where the payment can rise if an index such as Prime moves, are more common in longer-term bank and SBA lending. Most term structures draft weekly — the monthly obligation divided into four — with monthly drafting available on stronger profiles. Either way, you know the amount of every draft before you commit.

No — applying starts with a soft credit pull, which has no impact on your personal credit score. A business term loan through Coast does not require a hard credit pull at any stage. A hard inquiry applies only to certain traditional products — larger equipment deals and SBA loans — and then only after an approval you have chosen to move forward with, with notice before it happens. That means you can see your options with zero risk to your credit.

Almost any defined business investment: renovating your space, building out a new location, launching a major marketing campaign, purchasing bulk inventory ahead of peak season, hiring for a large contract, or covering a planned one-time expense. Term loans work best when the funds map to a specific project with a clear price tag — for open-ended, ongoing needs, a Business Line of Credit or Working Capital is usually the smarter structure.

You can, and many clients do. That said, a term loan is designed for businesses that plan to carry the funding for the full term. If paying off early to reduce your cost of capital is a priority, tell your advisor upfront — a Business Line of Credit or Working Capital program, where you pay only for the time funds are outstanding, may serve you better.