Coast Business Finance Reviews

Coast Business Finance specializes in providing tailored financial solutions, helping businesses achieve growth with flexible funding options and excellent customer support.

Here are the Trustpilot Reviews from Coast Business Finance:

Here are the Reviews from Coast Business Finance:

I had a great experience borrowing money from this company. From start to finish, the process was smooth and professional. Paul Maloof was always available to answer my questions and went above and beyond to make sure everything was completed properly. His support made a stressful situation much easier. I truly appreciate the excellent service and highly recommend this company to anyone in need of financial assistance.

Patricia

High pressure broker. Misleading language. They push they are at 4% interest but it's monthly. To be clear the annual percentage rate (APR) is 52%! So 52% of your payment is interest. CA protects consumers and locks rates at 36% however business loans are not regulated like individual. Buyer be careful! No situation is worth 52% ever! I've never seen a rate like that. I didn't think I was looking at an APR when I saw it until I did the math myself. The rep said I couldn't cancel and wanted me to hold payoff for 10 days. That means this broker makes a kickdown from the bank if the loan holds for a period of time. I called the bank directly and they closed the account, refunded all fees, and stopping the draw. The bank was concerned about this broker and what they were doing. They asked for the reps contact info. You can always just go direct to a FDIC insured bank for a business line of credit and avoid the markup.

Heather Wilson

Justin was great, very professional and knowledgeable he made the process very easy.

TJones

10/10 experience! Ashley Aronson was extremely diligent, completely transparent with my terms, and incredible the entire way through. Super easy process and got funded the very next day. Thank you Coast Funding!!!

Austin Rahaim

Caleb was a joy to work with. I felt heard and he helped me get the funding I needed for my business.

Sharon Crowell

From the moment I reached out with my inquiry, Justin Wells was incredibly responsive, friendly, and professional. He went above and beyond to ensure all my questions were answered thoroughly and that I had a seamless experience. His attention to detail and genuine care truly set him apart. I couldn’t be more satisfied and will definitely be recommending Coast Funding services to others. Thank you for such a wonderful experience! And I definitely will be continuing services with Coast funding because of Justin Wells.

Dwayne H.

Explore Coast Business Finance's Finance Solutions:

Unsecured Business Term Loan

£10,000 – £350,000

Secured Business Term Loan

£50,000 – £2,000,000

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Explore Coast Business Finance's Finance Solutions:

Loan Type:

Unsecured Business Term Loan

Loan Range:

£10,000 – £350,000

Loan Terms:

6 months to 5 years

Minimum Turnover and Trading Age:

Minimum 12 months trading and £100,000 annual turnover

Interest Rate:

7.9% – 24.9% APR representative

Fees:

Arrangement fee 2% – 4%; early settlement rebate available though an exit fee of up to 1% may apply

Loan Type:

Secured Business Term Loan

Loan Range:

£50,000 – £2,000,000

Loan Terms:

1 year to 7 years

Minimum Turnover and Trading Age:

24 months trading; £250,000 turnover

Interest Rate:

4.9% – 12.5% APR

Fees:

Valuation fee £350-£1,000; arrangement fee 1% – 2%; early repayment charge 1-2% of balance

Loan Type:

Asset Finance (Hire Purchase & Finance Lease)

Loan Range:

£5,000 – £1,500,000

Loan Terms:

12 months to 7 years (asset dependent)

Minimum Turnover and Trading Age:

6 months trading (start-ups considered with deposit)

Interest Rate:

From 4.5% flat per annum (equivalent 8.9% – 19.5% APR depending on term)

Fees:

Documentation fee £150; option-to-purchase fee £10 (HP); no early settlement penalties in most cases

Loan Type:

Invoice Finance (Confidential & CHOCS)

Loan Range:

£25,000 – £5,000,000 facility limits (up to 90% advance on invoices)

Loan Terms:

Rolling 12-month contract (renewable)

Minimum Turnover and Trading Age:

£250,000 annual turnover; 6 months trading

Interest Rate:

Service fee 0.25% – 2.5% of turnover plus discount margin 2% – 3.5% over base

Fees:

Setup fee £500 – £2,000; audit fees may apply; early termination 3 months’ fees

Loan Type:

Merchant Cash Advance

Loan Range:

£5,000 – £300,000 (up to 150% of monthly card turnover)

Loan Terms:

3 – 12 months (repayment via % of card takings)

Minimum Turnover and Trading Age:

4 months trading with minimum £5,000 monthly card sales

Interest Rate:

Factor rate 1.1 – 1.35 (equivalent 15% – 45% APR)

Fees:

No additional fees – cost fixed via factor rate

Loan Type:

VAT & Corporation Tax Funding

Loan Range:

£10,000 – £500,000 (100% of liability)

Loan Terms:

3 – 12 months

Minimum Turnover and Trading Age:

12 months trading; £150,000 turnover

Interest Rate:

0.75% – 1.5% per month flat

Fees:

Documentation fee £95; no early repayment fees

More About Coast Business Finance

Coast Business Finance (Coast Funding Limited) is an independent commercial finance broker established in 2014. It offers access to a diverse panel of over 60 UK lenders, arranging various lending products for small and medium-sized enterprises (SMEs) across the UK. The firm specialises in asset-based funding, unsecured working capital loans, and sector-focused finance options, with a particular knowledge of vehicle and equipment funding for transport, construction, and manufacturing sectors. It is authorised and regulated by the Financial Conduct Authority as a credit broker. Businesses seeking alternatives to traditional bank loans may find its services relevant. More information about business loans and asset finance can help you understand possible funding solutions.

Key Features of Coast Business Finance

The broker combines digital convenience with personalised account management, enabling SMEs to access a broad market of lenders. It supports a mainly paperless process and offers flexibility in loan structuring.

Paperless online application with open-banking connectivity
All agreements can be signed using e-signature for faster processing
Dedicated relationship managers provide ongoing support throughout the funding term
Access to a panel of more than 60 UK lenders increases funding options
Ability to combine multiple finance products into one tailored funding package
Soft credit searches protect directors’ credit scores during initial quotations

Funding Eligibility

You may qualify for Coast Business Finance's lending facilities if you meet minimum trading and financial criteria, which vary by product type. Typical requirements include a minimum of 4 to 24 months trading history and annual turnover between £100,000 and £250,000 depending on the loan.

Most products require the business to be a UK-registered limited company or LLP with a clean credit record and no significant adverse events like unsettled County Court Judgments. Some sectors such as arms trade and cryptocurrency speculation may be excluded or considered on a case-by-case basis.

For detailed guidance, view our eligibility requirements for business loans, business trading criteria, and alternative finance eligibility.

Loan Options Available

Coast Business Finance offers a variety of lending products to address different business needs. Below are some key loan types they arrange, including amounts, terms, and typical representative rates.

Unsecured Business Term Loan: £10,000 – £350,000, terms from 6 months up to 5 years, representative APR 7.9% – 24.9%, with arrangement fees between 2% and 4%. No physical collateral required but directors’ personal guarantees are needed.
Secured Business Term Loan: From £50,000 up to £2,000,000, terms between 1 and 7 years, APR ranging 4.9% – 12.5%, plus valuation and arrangement fees. Security on assets such as property or equipment is required along with personal guarantees.
Asset Finance (Hire Purchase & Finance Lease): £5,000 – £1,500,000, terms from 12 months to 7 years depending on asset, with interest from 4.5% flat per annum (equivalent APR 8.9% – 19.5%). Deposits may be required for newer businesses, with the asset itself typically held as security.
Invoice Finance (Confidential & CHOCS): Facilities up to £5,000,000 with advances up to 90% on invoices. Terms usually on a rolling 12-month contract. Service fees vary between 0.25% and 2.5%, plus a discount margin over base rate. Requires debentures and personal guarantees.
Merchant Cash Advance: £5,000 – £300,000 based on card turnover, repayment over 3 to 12 months via a percentage of card sales, with factor rates from 1.1 to 1.35 (equivalent APR 15% – 45%). No fixed repayments, but higher effective costs and personal guarantees typically required.
VAT & Corporation Tax Funding: Loans from £10,000 to £500,000 covering 100% of tax liabilities, terms from 3 to 12 months, monthly flat interest from 0.75% to 1.5%. Requires good HMRC compliance and director personal guarantees.

How to Apply

The application process at Coast Business Finance is primarily digital and designed for speed. Businesses should prepare typical documents relevant to their loan type to facilitate a smooth process.

Submit an online enquiry form with basic business information
Upload necessary documents such as latest filed accounts, bank statements, identification, proof of address, and asset or debtor information as applicable
Receive indicative decisions within 2 to 24 hours, followed by formal offers in 1 to 5 working days depending on product
Sign agreements using e-signature functionality for faster completion

Funding Agent’s view on Coast Business Finance

Coast Business Finance can be suitable for UK SMEs seeking flexibility and access to a broad lender panel beyond traditional banks. It offers a range of funding options with varied criteria, often requiring personal guarantees or asset security. Interested businesses are advised to check their eligibility using our tools and review loan options carefully. For comprehensive comparison, visit our lender reviews and detailed product guides.