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Involve Coastal Early
One of the most common questions we hear is, “When should I bring Coastal into the conversation?”
My answer is simple: earlier is usually better.
Whether you’re a banker working with a customer, an advisor helping a client, or a business owner considering a purchase, expansion or other investment, you don’t need to have the financing plan figured out before reaching out to us. Helping determine the right approach is part of what we do.
Sometimes the answer is SBA 504 financing in partnership with a bank. Other times, our Direct Lending program may be a better fit. In either case, an early conversation simply helps identify an issue or opportunity before a transaction gets too far down the road.
That can be particularly valuable with more complicated projects — buying a business or commercial property, financing a startup or expansion, refinancing debt, or dealing with a financing need that doesn’t fit neatly into a conventional bank loan.
And involving Coastal early doesn’t mean submitting a formal application. Sometimes a brief conversation is all it takes to determine whether we can help and what the next step should be.
Our goal is to help small businesses — and the professionals who work with them — find the right path to getting a good project funded.
So, if you have a transaction taking shape, or even an idea that isn’t fully formed yet, involve Coastal early. We’re always happy to talk it through. With appreciation,
Mike Healy
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