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Business Loans > Direct Loans

Direct Loans

What is a Direct Loan? A direct loan is a loan made by Coastal Community Capital with Coastal funds because it does not meet the SBA criteria. Coastal’s direct loans ensure you can compete and succeed by offering low equity injections loans to start, purchase or grow your business.

Advantages of a Coastal Community Capital Direct Loan

  • Easier loan qualification, with less equity injection required

  • Seasonal loan repayments to help your business cash flow in the off season

  • No minimum owner occupancy, if a real estate transaction

  • As low as 10% down payment which preserves your business’ working capital

  • Start a business, purchase a business/franchise, expand, buy out a partner or refinance debt

  • Longer repayment terms, like up to 25 years for commercial real estate and up to 15 years on equipment

  • Projects from $25,000 to $500,000

How does it work? Loan decisions are made locally and quickly

What are the terms?

  • 5- to 10-year term for equipment, commercial real estate acquisition, and working capital

  • Up to 10-year amortization for equipment, 25 years for commercial real estate acquisition and 5 for working capital

  • Competitive interest rates

  • Seasonal repayments upon request

Typical uses

  • Acquisition of commercial real estate

  • Working capital

  • Micro loans

  • Workforce housing

  • New construction and/or renovation of commercial buildings

  • Down payment assistance

  • Business credit card debt refi

  • Franchises

  • Manufacturing

  • Heavy machinery

  • Fishing vessels/commercial fishing/aquaculture

  • Soft Costs

  • Other

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