Coastal Kapital LLC is a company that specializes in providing dedicated financial lending services for commercial equipment and asset-based lending.
The company offers simple, quick, and safe services and aims to maintain relationships with business owners, vendors as well as manufacturers across the United States.
However, what services does Coastal Kapital offer, and what can businesses expect when working with them? Let’s dive in.
Coastal Kapital’s History
The company was established in 2007, and today, it offers over 150 different programs that can cover leasing, financing, bank loans, and business working capital, alongside business consulting and merchant services.
The founders behind Coastal Kapital include Kortney Murray, one of the most connected female business leaders on the East Coast.
The first business this female entrepreneur opened was a clothing boutique in San Diego, a project that crumbled; however, this occurred due to financial inexperience.
It was at this moment that she realized that small business owners can face a lot of financial challenges, many of which are hidden until the point in time when it is too late.
Kortney then began her leasing career on the West Coast in 2003, and after a lot of experience, in 2007, she created her own company known as Farhat Leasing, LLC, which would, over time, evolve into Coastal Kapital LLC.
An Overview of The Company’s Services
Coastal Kapital offers numerous types of financing solutions, including Equipment Financing, Working Capital, SBA Loans, and Vendor Financing.
- Equipment Financing
Equipment Financing is aimed at providing businesses with different financial options, such as EFA or equipment finance agreements, fair market value leases, and much more.
This is a credit facility that aids businesses finance all of the equipment and machinery related to the requirements of their business. Through the usage of these loans, they can buy, lease, upgrade or repair equipment quickly as well as efficiently. Clients can easily gain equipment financing through Coastal Kapital as a result of this.
- Working Capital
For a business to successfully carry out a project, at some point in time, it will encounter financial issues and will need working capital.
However, businesses can run into difficulties when it comes to getting loans through traditional venues, such as banks or other financial companies.
Furthermore, there needs to be a simple approval process that can provide the required results as quickly as possible.
As such, Coastal Kapital has three months to 2 years of short-term micro business loans, with a value of up to $3 million. There are also 2 to 4-year terms, with a value of $500,000 for expansion or inventory. There are also 2 to 5-year terms for collateral.
- Small Business Loans (SBA Loans)
Coastal Kapital also provides access to traditional SBA loan options of up to 30 years, as well as a service known as SBA Express, which can be underwritten in less than two weeks. There are also numerous lines of credit options.
The SBA loan includes financial help for small businesses that have specific requirements and can be the best option when real estate is a part of the business purchase. However, it can also get utilized for short-term or long-term working capital.
There is a wide range of loan options when it comes to SBA loans for small businesses.
- Vendor Financing
Vendor financing is essentially a term that describes the lending of money by a vendor to a business owner, who employs the capital to buy the same vendor’s products or services.
These types of deals will typically carry higher interest rates when compared to those which have been imposed by traditional lending institutions and can help enhance the relationship between the vendors as well as the business owners.
With Coastal Kapital specifically, there are numerous ways through which clients can access vendor financing, including fields such as Online Finance Center (OFC), Private Label, Sales team trading, 100% pre-funding, and Sales and Marketing Support. There can be up to 84 months for new equipment and finance up to $5 million in a single transaction, with pricing as low as 3%.
Coastal Kapital Client Reviews and Testimonials
Throughout the official website, there are numerous client reviews as well as testimonials from clients, which generally put the company and its services in a positive light. The main highlights, however, are the consulting services, as Coastal Kapital does provide not only capital but also advises companies on how they should proceed in order to get the best outcome out of their loan and procedures.
Another way through which the company differentiates itself is that it allows businesses to get a business loan with low credit, which means that it can serve clients that alternative forms of funding would otherwise not.
The official Coastal Kapital website is also designed well and is extremely simple to understand, with high-quality images and a solid content structure.
The Future of Coastal Kapital
This company has essentially stood the test of time and has been a part of the lending industry for over a decade. With that in mind, it has gathered a wide range of clients and has a generally positive outlook.
As a financial service company, it provides Working Capital and Merchant Processing, Equipment Leasing, Business loans, Collateral assets, and Real Estate backed funding and will likely expand and broaden this offering even further as it moves along.
As such, if you are a business owner that aims to leverage the power of financing in any way, there has never been a better time to get the finances you require in order to get your business to the point where you are satisfied with it.
You can utilize Coastal Kapital to achieve your goals; all you have to do is contact one of our financing experts to get started.
