SBA lender profile
Coastal1 Credit Union
Coastal1 Credit Union appears in the public SBA loan data with 7 funded 7(a) loans totaling $4.9M, an average of $704K per loan, and an estimated 214 jobs supported. Its SBA lending concentrates in Rhode Island and the Finance and Insurance sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
7
Total volume
$4.9M
Average loan size
$704K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
214
Programs
7(a)
Where Coastal1 Credit Union lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Rhode Island | 6 | $4.6M |
| Massachusetts | 1 | $350K |
What Coastal1 Credit Union funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Finance and Insurance | 3 | $3.0M |
| Retail Trade | 2 | $1.3M |
| Transportation and Warehousing | 1 | $350K |
| Accommodation and Food Services | 1 | $300K |
Coastal1 Credit Union SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $845K |
| 2021 | 3 | $3.7M |
| 2024 | 2 | $425K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Coastal1 Credit Union's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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