Coast Funding Business Lines of Credit

Coast Funding Business Lines of Credit Review

Coast Funding Business Lines of Credit is offered by Coast Funding, a nonbank financial services provider founded in 2020 and based in San Diego, CA. Coast Funding Business Lines of Credit are available in 50 states (and Washington, DC).

Coast Funding Business Lines of Credit FAQ

What APRs does Coast Funding Business Lines of Credit offer?

Coast Funding Business Lines of Credit offers a product, but they do not disclose their rates.

Does Coast Funding Business Lines of Credit charge an origination fee?

Yes, Coast Funding Business Lines of Credit charges an origination fee.

Does Coast Funding Business Lines of Credit charge prepayment fees?

Yes, Coast Funding Business Lines of Credit charges additional fees to borrowers who pay off their lines of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit early.

How much can you borrow from Coast Funding Business Lines of Credit?

Line of credit amounts start at $5,000 and go up to $1,000,000.

What do you need to qualify for Coast Funding Business Lines of Credit?

Applicants with a credit score that ranges from 600 may be eligible for Coast Funding Business Lines of Credit.

Coast Funding Business Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Coast Funding Business Lines of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Coast Funding Business Lines of Credit.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Business formation documents
• Driver's license
• Proof of identity
• Proof of citizenship or residence permit
• U.S. tax identification number