Skip to main content
Home → Rhode Island → Coastal1 Credit Union

Coastal1 Credit Union

Pawtucket, RI 2861

7
Loans Approved
$4.9M
Total Volume
$704K
Avg Loan Size
2
States Served

States Served

MassachusettsRhode Island

Top Industries Financed

  • Insurance Agencies and Brokerages
  • Baked Goods Stores
  • Tire Dealers
  • General Freight Trucking, Local
  • Full-Service Restaurants

Quick Summary

Coastal1 Credit Union is an SBA-approved lender headquartered in Pawtucket, Rhode Island. Since 2020, they have approved 7 SBA 7(a) loans totaling $4.9M, with an average loan size of $704K. They serve businesses across 2 states.

About Coastal1 Credit Union

Coastal1 Credit Union is an SBA-approved lender headquartered in Pawtucket, Rhode Island. Since 2020, they have approved 7 SBA 7(a) loans totaling $4.9M, with an average loan size of $704K. They serve businesses across 2 states.

Before you apply — know where you stand

Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.

Check My FICO SBSS →

Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Coastal1 Credit Union an SBA Preferred Lender?

Coastal1 Credit Union is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Coastal1 Credit Union approved?

According to SBA FOIA public records, Coastal1 Credit Union has approved 7 SBA 7(a) loans totaling $4.9M since 2020. Their average loan size is $704K.

What states does Coastal1 Credit Union serve?

Coastal1 Credit Union serves businesses in 2 states: Massachusetts, Rhode Island.

How do I apply for an SBA loan with Coastal1 Credit Union?

To apply for an SBA 7(a) loan with Coastal1 Credit Union, 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+.

Get in Touch with This Lender

Contact Coastal1 Credit Union

Your information is never shared without your permission.

Ready to Apply for an SBA Loan?

Check if you qualify in minutes — no impact to your credit score.

Check My Eligibility at SmartBiz →Browse Rhode Island Lenders

SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days