skip to main content
Coastal States Bank
search
Online Banking Login
Account Type
Desktop Username
Desktop Password
SBA 7(a) Loan Details

SBA 7(a) Loan Details

SBA 7(a) Loan Details

Loan Purpose: Generally, most business uses can be used for loan proceeds, including commercial real estate acquisition, refinance, construction, business acquisition, partner buy out and buy in, debt refinance, franchise start ups and expansions, and working capital.

Loan Amount: $350,000 to $5,000,000

Equity Requirement: $0 down to 10% for most loans

Interest Rate: Competitive loan pricing and structure.

Terms: 7-25 years based on the loan proceeds. Loans are fully amortizing with no balloons.

Collateral: First lien on all assets being financed.

Personal guarantees: For all individuals owning 20% or more. Corporate guarantees of affiliated companies may be required.

Industries: All for-profit businesses that meet SBA eligibility requirements.

Timing: We can work at your pace of providing the necessary information. Term Sheets in 24/48 Hours. Loan approval in 5-10 days. Loan closings are generally 45-60 days from submission.

Contact Us

 

Small Business Administration (SBA)
Preferred communication method *


 

Find a Location

ZIP code
Coastal States Bank Logo

You are leaving Coastal States Bank website to visit a site not hosted by CSB. Please review the third-party's privacy policy, accessibility policy, and terms. CSB is not responsible for the content provided by third-party sites.