REQUIREMENTS
- Two years in business
- For-profit business
- Proceeds: working capital, debt refinance, new equipment purchases, business and real estate acquisition
- Individuals owning 20% or more of business cannot work for SBA or have criminal background
- Individuals owning 20% or more of business must be a US citizen or legal resident
REQUIREMENTS
Good Personal Credit
- Loans $30K – $150K: Minimum Personal FICO of 600
- Loans over 150K: Minimum Personal FICO of 675
Business Credit Score (LiquidCredit)
- 150 or greater
Personal Records Search For Business Owners
- No bankruptcy in past 3 years
- No foreclosure in past 3 years
- No open tax liens
We’ve done 7 loan deals now with Coastal Kapital now. These deals helped us acquire the trucks and equipment we needed for our upcoming projects. I would definitely recommend Coastal Kapital to anyone.
David Romain
David Romain, President/CEO