SBA lender profile
Coastal1 Credit Union
Coastal1 Credit Union appears in the public SBA loan data with 57 funded 7(a) loans since FY2010, totaling $19.0M, an average of $334K per loan, and an estimated 784 jobs supported. Its SBA lending concentrates in Rhode Island and the Finance and Insurance sector. Across its 7(a) loans, the charge-off rate is 7.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 57
- Scale 32
- Activity 18
- Consistency 59
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Coastal1 Credit Union the right lender for you?
Lenders fund what they know. Coastal1 Credit Union's SBA lending concentrates in Rhode Island (45 loans) and Finance and Insurance (7 loans), at an average loan of $334K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Where Coastal1 Credit Union lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Rhode Island | 45 | $16.4M |
| Massachusetts | 12 | $2.6M |
What Coastal1 Credit Union funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Finance and Insurance | 7 | $5.9M |
| Accommodation and Food Services | 11 | $3.0M |
| Retail Trade | 10 | $2.8M |
| Manufacturing | 3 | $2.5M |
| Wholesale Trade | 3 | $1.5M |
| Professional and Technical Services | 5 | $875K |
Coastal1 Credit Union SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2013 | 4 | $660K |
| 2014 | 3 | $1.1M |
| 2015 | 15 | $3.8M |
| 2016 | 12 | $2.2M |
| 2017 | 6 | $764K |
| 2018 | 7 | $3.9M |
| 2019 | 3 | $1.6M |
| 2020 | 2 | $845K |
| 2021 | 3 | $3.7M |
| 2024 | 2 | $425K |
Related SBA lenders
Other lenders active in Rhode Island or in Finance and Insurance.
Comparing lenders? See how to choose an SBA lender by track record.
Coastal1 Credit Union: frequently asked questions
Does Coastal1 Credit Union offer SBA loans?
Yes. Coastal1 Credit Union appears in the public SBA data with 57 funded SBA 7(a) loans totaling $19.0M.
How many SBA loans has Coastal1 Credit Union made?
Coastal1 Credit Union is associated with 57 SBA 7(a) loans totaling $19.0M in the public SBA data (as of 2026-03-31).
What is Coastal1 Credit Union's SBA charge-off rate?
About 7.0% of Coastal1 Credit Union's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Coastal1 Credit Union do most of its SBA lending?
Coastal1 Credit Union's SBA lending in the data is most concentrated in Rhode Island, and by industry in Finance and Insurance.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Coastal1 Credit Union SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/coastal1-credit-union/
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