Small Business Emergency Loan

Has your San Diego or Riverside business been financially impacted by COVID-19? We're excited to announce our Small Business Emergency Loan1 program to help provide financial assistance to our business members with short-term loan options. 

Emergency Relief for Local Businesses

The Cal Coast Small Business Emergency Loan program was created as a way to assist local San Diego and Riverside county businesses with the capital they need to keep their doors open and employees on payroll. Funds may be used for payroll, utilities, delinquent mortgages or lease payments on business property and accumulated accounts payable. California Coast Credit Union is currently not accepting any applications for the Small Business Emergency Loan program. 

  • Fixed Rate: 2% APR2
  • Terms:
    • 3 years for $5,000 - $9,999.99
    • 5 years for $10,000 - $20,000
  • No Fees
  • No Prepayment Penalties 
  1. Business established for at east two years
  2. Currently open for business, fully/modified operational
  3. Filed FBN for sole proprietorships
  4. Personal guaranty
  5. Attest to COVID-related hardship
  6. Personal credit check required
  1. Only one emergency loan offer per business member. Eligibility Requirements: 1) Business must have at least two years of operating experience in San Diego or Riverside county; 2) Applicant must show proof of financial hardship to their business due to COVID-19; 3) Applicant is currently open and is at full or modified operations; 4) Active Fictitious Business Name for sole proprietorships; 5) Personal guaranty; and 6) Personal credit check.

  2. APR = Annual Percentage Rate. Rate is current as of 02/05/2021. For example, a 3 year term at 2.00% APR will have 36 monthly payments of $28.64 per $1,000 borrowed and a 5 year term at 2.00% APR will have 60 monthly payments of $17.53 per $1,000 borrowed. Loans subject to credit approval. Rates, terms, and conditions are subject to change and may vary based on creditworthiness. Restrictions apply. Membership and credit subject to approval. Serving people and businesses in San Diego or Riverside counties. A one-time $5 membership fee and savings account required.