Coastal States Bank
Hilton Head Island, SC 29928
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Child Day Care Services
- Limited-Service Restaurants
- Offices of Physicians (except Mental Health Specialists)
- Homes for the Elderly
- Hotels (except Casino Hotels) and Motels
Quick Summary
Coastal States Bank is an SBA-approved lender headquartered in Hilton Head Island, South Carolina. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 101 SBA 7(a) loans totaling $138.2M, with an average loan size of $1.4M. They serve businesses across 23 states.
About Coastal States Bank
Coastal States Bank is an SBA-approved lender headquartered in Hilton Head Island, South Carolina. Since 2020, they have approved 101 SBA 7(a) loans totaling $138.2M, with an average loan size of $1.4M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 23 states.
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Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Coastal States Bank an SBA Preferred Lender?
Yes, Coastal States 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 States Bank approved?
According to SBA FOIA public records, Coastal States Bank has approved 101 SBA 7(a) loans totaling $138.2M since 2020. Their average loan size is $1.4M.
What states does Coastal States Bank serve?
Coastal States Bank serves businesses in 23 states: Alabama, Arizona, California, Florida, Georgia, Illinois, Indiana, Kansas, Massachusetts, Maryland, Michigan, Missouri, Mississippi, North Carolina, New Jersey, New Mexico, New York, Pennsylvania, South Carolina, Texas, Utah, Washington, Wisconsin.
How do I apply for an SBA loan with Coastal States Bank?
To apply for an SBA 7(a) loan with Coastal States 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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