Contact Coastal Enterprises Inc.
- Address
- 30 Federal St. Brunswick, ME 04011
- Phone
- 207-882-7552
Where they lend
Coastal Enterprises Inc. is an SBA-approved microloan intermediary serving Maine.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Coastal Enterprises Inc., who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Coastal Enterprises Inc. will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
