Coastal Heritage Bank
Weymouth, MA 2188
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Offices of Physical, Occupational and Speech Therapists, and Audiologi
- Convenience Stores
- Beauty Salons
- Breweries
- Offices of Mental Health Practitioners (except Physicians)
Quick Summary
Coastal Heritage Bank is an SBA-approved lender headquartered in Weymouth, Massachusetts. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 23 SBA 7(a) loans totaling $6.8M, with an average loan size of $296K. They primarily serve Massachusetts businesses.
About Coastal Heritage Bank
Coastal Heritage Bank is an SBA-approved lender headquartered in Weymouth, Massachusetts. Since 2020, they have approved 23 SBA 7(a) loans totaling $6.8M, with an average loan size of $296K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Massachusetts.
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Frequently Asked Questions
Is Coastal Heritage Bank an SBA Preferred Lender?
Yes, Coastal Heritage Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Coastal Heritage Bank approved?
According to SBA FOIA public records, Coastal Heritage Bank has approved 23 SBA 7(a) loans totaling $6.8M since 2020. Their average loan size is $296K.
What states does Coastal Heritage Bank serve?
Coastal Heritage Bank primarily serves businesses in Massachusetts.
How do I apply for an SBA loan with Coastal Heritage Bank?
To apply for an SBA 7(a) loan with Coastal Heritage Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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