Coast FundingReviews of coastfunding.com

Response from Coast FundingMay 8, 2026

Angel, If you could please email us at [email protected] with your contact info and include the email you received from us that would be appreciated. All communication from Coast Funding, whether phone, email or SMS, has easy opt out functionality. Secondly, we only email clients that have either applied with us in the past or have been referred to us by strategic partners as clients actively seeking financing. We do not spam email or blast to clients that have not opted in. We have requested additional details through the Trustpilot platform but you did not respond to that request, making it very difficult for us to address the issue. Sincerely, Coast Funding

Response from Coast FundingMar 15, 2026

Jerred, Thank you for surfacing your concerns. You started your journey by searching for a business loan on Google and arriving at our company. The ad that you clicked on clearly stated “Must be an established business generating at least $200K in annual revenue.” Upon review of the bank statements provided, your business is generating between $5K and $18K in deposits per month, which is below our typical requirements. Despite this, we were still able to secure approval for two different programs including a business line of credit. While your rates were certainly higher than our company’s average, predatory as a descriptor isn’t a fair assessment. Qualifications are a key driver of cost as is funding amount. When you are dealing with low funding amounts ($6,700 on one program and $10K on the LOC which is the lowest limit we offer), the “rate” or cost as a percentage of funded amount will be higher. To address being stringent on providing capital, yes, we are conservative and proud of it. Your request was for $50K over a 12-month structure. Unfortunately, providing $50K to a business with average cash on hand of $2,425 is not a prudent underwriting decision. Coast is committed to guiding clients to responsible decisions and that means not overextending the business or providing amounts that are unsustainable. We want to set clients up for success, not overload them with a structure they can’t support. Lastly, to address our ability to read financial statements, yes, we did struggle with yours as you took pictures in the front seat of your car rather than uploading PDF versions, so that was a bit challenging. Coast Funding is a boutique source. When most people hear "alternative" they think high risk or high rates. Coast is neither. Our client base consists of established businesses with strong cash flow, clean financials, and a track record that supports the capital they're requesting. That selectivity is a feature, not a flaw — it's why our clients receive structures that are genuinely competitive, real underwriting attention, and a partner invested in their long-term growth rather than just a transaction. Not every business is the right fit, and that's by design. We wish you the best in your search, and hope you find a product that fits where your business is today. Once you explore the market further, you will likely realize our offers were a blessing rather than offensive as you feel today.

Response from Coast FundingMay 2, 2025

First and foremost, we are sorry you feel this way and that your transaction escalated to this point. After over three years without a blemish or negative review, what you articulate is certainly not how Coast does business and does not reflect our core values. Following the receipt of your review, we conducted a thorough investigation of all communication related to your transaction to see where things went wrong. To begin, at no point in your transaction did we communicate that your approval was calculated as a 4% APR. In fact, we made sure to communicate not only the monthly rate, but the total cost associated with the program. Secondly, you were presented with other options that had lower costs and fees associated, however you gravitated to the line of credit program as the best solution for your business. As we reviewed the conversations, it seemed as if you heard what you wanted to hear vs. what reality was given your extensive experience as an underwriter for a bank historically, which you pointed out multiple times throughout the process. Due to your experience, knowledge of the financial markets, and the fact that you worked with another “loan officer” shortly before working with our company, who you disparaged as well, our representative inaccurately assumed that you clearly understood the program. Of course, we could have been more thorough in our process, but the fact that most calls began with “you have 6 minutes” or similar, we wanted to be respectful of your time. We understand that entrepreneurs are busy, thus speed and ease of process are generally features our clients appreciate. California and many other states require funding companies such as Coast to provide APR and total cost disclosures to clients. Very similar to the Truth In Lending disclosures for consumer credit, Coast Funding provides clear disclosure of APR and/or total cost for all programs it offers. We value transparency and want all clients to fully understand the terms prior to funding their transaction. We also have this procedure in place to safeguard clients in the event they miss something in the presentation of terms initially. In your case, admittedly, you didn’t read this disclosure because you “signed on the side of the road.” It was not until after signing, and your transaction being funded, did you take issue with the terms of the transaction. To be clear, the total cost of your transaction was not 52% as you outline. The benefit of the line of credit program is the client is in control of cost and the sooner the client pays back, the less cost they incur. While the annualized rate may have been perceived as “higher” on your specific transaction, we tried to educate you on how to use the line responsibly to minimize your cost and have a resource you could leverage in the future. It should also be noted that the cost of capital and terms associated with each transaction vary dramatically depending on the qualifications of both business and applicant. The line of credit program in particular is more focused on credit than some of the other programs you were offered. Both credit and cash flow were a challenge and thus risk profile associated increased, as did the cost of the program. In summary, we apologize that you didn’t see value in the programs that we offered. As you continue your search for financing, perhaps you will begin to realize that we weren’t bad people, we aren’t some pushy broker, and we probably would have been the best solution and partner long term, because we actually care and wanted to help. For any prospective client reading this response, we hope that you can feel the sincerity of our company and see that we were just trying to help. Reputation is everything to us and we hope that you will gravitate to the hundreds of other reviews from clients that see value in our programs and appreciate the Coast relationship.