About SBA

At Coast National Bank, we understand the challenges of a growing business.  We possess a history and culture of working closely with small businesses by providing more lending capital in our market than any other small business lender.  Our management and staff are committed to the success of the businesses we finance. We look forward to working closely with you!SBA.gov

Please call our SBA Department at (805) 541-0400 or any branch office listed below.

Arroyo Grande (805) 473-6560

Atascadero (805) 466-0500

Paso Robles (805) 239-9520

San Luis Obispo (805) 541-0400

The first step to securing an SBA loan is finding an SBA Preferred Lender, like Coast National Bank.

Not all lenders are created equal; only some banks have earned the SBA Preferred Lender status because of their exceptional programs and experienced lenders.

The second step to obtaining a loan is determining your eligibility. Your business must meet certain eligibility requirements to be considered for an SBA loan. These requirements include repayment ability from cash flow, good character, management capability, collateral and owners' equity contribution.

The 7(a) loan is the most popular loan provided by the SBA. In order to apply, the loan must be personally guaranteed by those with at least 20 percent ownership in the business. Also, the business must be for-profit, meet size standards, have insufficient internal resources to provide financing, and demonstrate repayment ability. If the business is just starting, a complete business plan will also be necessary.

Once you feel your business meets eligibility requirements, you can begin filling out the application for your SBA Preferred Lender. Bank personnel can assist you in gathering the information necessary to complete the process. Within a short time you will know whether or not your business has been approved for an SBA loan.