Coastal FCU
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Coastal FCU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561311 | Employment Placement Agencies | 16 | $800K | $50K | 18.2% |
| 541620 | Environmental Consulting Services | 8 | $800K | $100K | 9.1% |
| 541618 | Other Management Consulting Services | 8 | $640K | $80K | 9.1% |
| 238320 | Painting and Wall Covering Contractors | 8 | $240K | $30K | 9.1% |
| 561730 | Landscaping Services | 8 | $520K | $65K | 9.1% |
| 238350 | Finish Carpentry Contractors | 8 | $200K | $25K | 9.1% |
| 236220 | Commercial and Institutional Building Construction | 8 | $200K | $25K | 9.1% |
| 541921 | Photography Studios, Portrait | 8 | $480K | $60K | 9.1% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $800K | $100K | 9.1% |
| 561720 | Janitorial Services | 8 | $400K | $50K | 9.1% |
Geographic Distribution
SBA lending activity for Coastal FCU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| North Carolina (NC) | 88 | $5.1M | 100.0% |
Why Choose Coastal FCU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 88 SBA loans approved, totaling $5.1M in financing
- ✓Industry Expertise: Specialized focus on Employment Placement Agencies, Environmental Consulting Services, Other Management Consulting Services
- ✓Competitive Terms: Average interest rate of 10.45% with flexible term lengths averaging 36 months
- ✓Loan Range: Loan sizes from $25K to $100K, with an average of $58K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in NC
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Coastal FCU SBA lending
What types of businesses does Coastal FCU typically finance?
Coastal FCU specializes in SBA 7(a) lending to specific industries including employment placement agencies, environmental consulting services, other management consulting services, painting and wall covering contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Coastal FCU's typical SBA loan terms?
Coastal FCU's SBA 7(a) loans typically feature an average interest rate of 10.45% and average term length of 36 months (approximately 3 years). Loan sizes range from $25K to $100K, with an average loan size of $58K.
Do I need a business valuation for a Coastal FCU SBA loan?
Yes, Coastal FCU typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Coastal FCU compare to other SBA lenders?
Coastal FCU has originated 88 SBA loans totaling $5.1M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Coastal FCU lend in?
Coastal FCU provides SBA 7(a) financing with particularly strong presence in NC. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
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Professional valuations are often required for SBA loans over $250,000.
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