Your Trusted Source for Business Funding.

Coast Funding offers several programs that can fit common automotive needs (cash flow, inventory/parts, payroll, expansion, and equipment), including business lines of credit, working capital, business loans/short-term loans, and equipment financing.

After you submit your application and associated documents, you can get an approval as early as the same day. Once you accept and sign your deal, funds are typically deposited the next business day within 24 hours. If submitted early enough, funding can often be distributed on the same day!

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)

Our application process is designed to be easy and efficient. Fill out our quick online application, link your bank account via Plaid or provide the last 4 months of business bank statements, select your offer and get funded!

Yes, Coast offers equipment financing for businesses with different options based on what works best for your business.

No, Coast provides funding solutions to small business nationwide, regardless of affiliation with SEMA. Eligibility for funding is based on meeting standard business qualifications, not membership with SEMA. Coast does offer preferred pricing for SEMA members, however!

Terms and conditions of each program depends on the specifics of the product offered and qualifications of the business applicant. Programs terms range from 6-24 months for traditional products and 2-5 years for equipment financing. A line of credit is designed for flexibility – you only take what yo uneed and pay for what you use (terms and rates vary by qualification). 

Seasonal revenue is common in the automotive industry. Coast reviews bank activity and your overall business profile to determine the best option that fits your cash-flow patterns. Your business funding advisor is there for you every step of that way to ensure you get the best program for your business.

There is no cost to apply and see what you qualify for! Most programs offer incentives for paying off early. Other costs for rates or fees vary by program and qualification. You will always be able to transparently review the details of a product before accepting an offer. 

Coast uses a soft credit pull to verify identity and determine qualifications, so applying and seeing what you qualify for won’t impact you personal credit score. Some programs may require a hard inquiry, but that would only happen with notice after approval and after you accept an offer.