Business Services FAQ

If you have a major goal such as a business-related equipment or vehicle purchase, you may need a loan for a set amount – commonly referred to as a “term loan.” When you open a business term loan, you make regular payments over a period length of your choice.
 

If your business needs are always changing, a line of credit can help you make purchases as the need arises. Draw funds as needed up to your available credit limit, then pay them back over time. Coast Central offers both unsecured and secured lines of credit, but much higher limits are available for secured lines.
 

If your company needs to start from scratch or build an additional location, our construction loans can help you build and grow_faq. Both new and remodel projects are covered, including everything from spec homes to full commercial buildings.
 

Our business real estate loans are great for new real estate purchases and refinances alike, featuring up to 20-year amortization. As long as the property is located within the Humboldt, Del Norte, or Trinity (“tri-county”) area, Coast Central just might have the right solution for you and your company.

Whether you’re a sole proprietorship or a large corporation needing multiple cards, Coast Central Business Visa Cards can help. You may apply for one overall limit or split it up amongst multiple cardholders.

Visa Classic Cards

If you want a basic, easy-to-use card to help you make everyday purchases, the Visa Classic may be exactly what you’re looking for. With credit limits starting at $1,000, this card is perfect for building credit and taking care of business. Benefits include:

• Visa Rewards to get cash back and more
• No annual fee on fixed-rate cards
• Travel Accident Insurance up to $250,000
• Auto Rental Collision Damage Waiver Program

Visa Platinum Cards

For our members who need (and qualify for) a higher credit limit, the Visa Platinum card offers the same simple terms at an even lower rate, with even more added benefits! These include:

• Visa Rewards to get cash back and more
• No annual fee on fixed-rate cards
• Travel Accident Insurance up to $250,000
• Auto Rental Collision Damage Waiver Program
• Purchase Security
• Travel & Emergency Assistance Service

Courtesy Pay is a discretionary overdraft convenience service offered to qualified members which helps to minimize declined transactions and bounced checks. If approved, it is applied in addition to ordinary overdraft protection (via automatic account transfer), and is only applied if available funds in all applicable accounts have been completely depleted.

Without this service, a check written against insufficient funds would bounce – sometimes multiple times if the merchant continues to resubmit it, incurring a fee each time. With Courtesy Pay, the check clears (if within the applicable limit), preventing inconvenience for both you (the member) and your payee(s). One fee is charged and the overdraft situation can be more quickly and easily resolved. Business accounts have a limit of up to $1,500.

If you are qualified for Courtesy Pay, you will receive a letter informing you of how the program works, including all terms and conditions. New member accounts will be evaluated after 45 days. You may opt out of Courtesy Pay at any time by calling us at (707) 445-8801.

Quick Links:

• Courtesy Pay Overdraft Protection Policy
• Courtesy Pay & Overdraft Protection Services (For Businesses)

You may bring completed packets to any of our Member Services Branches. Most business loan decisions are made at our Member Business Center at our Eureka Downtown location at 4th & F streets. Anyone can apply for a loan (you don’t need to be a member yet), but please note that you will need to establish membership at the credit union if you’d like to proceed with the loan upon approval.

• Printable Business Loan Application
• Printable Business Visa Application

Our printable applications are in PDF format and can either be completed by hand or on-screen. If you fill out the packet using your computer, please print it out, sign, and return it – we currently require a physical signature in order to process your application. For more information about Business loans, please call (707) 445-8801 ext. 621.