At a Glance
Rating Breakdown
About Coastal Capital
Banks look at restaurants and see risk. Thin margins, high failure rates, seasonal swings. Coastal Capital looks at restaurants and sees revenue patterns they understand inside and out. The company was founded in 2014 in Fort Lauderdale by former hospitality executives who got tired of watching good restaurants get declined for financing by bankers who had never set foot in a commercial kitchen. Over $650 million funded since then, exclusively to hospitality businesses. What makes the difference is the underwriting. Coastal Capital evaluates restaurants on covers per night, average check size, and reservation trends. Hotels get assessed on RevPAR and occupancy rates. Event venues get measured by booking calendars and event frequency. A busy restaurant with a 4.5-star Google rating and 200 covers a night is a good credit risk even if the owner\'s personal score is mediocre. Most banks cannot see that. Coastal Capital can, because they have been living in the hospitality industry for over a decade. Factor rates start at 1.12 for strong hospitality businesses.
Key Features
Hospitality-Only Focus
Every person at Coastal Capital -- sales, underwriting, support -- works exclusively with restaurants, hotels, bars, and event venues. You are not explaining your business model to someone who funded a plumber yesterday.
Industry-Specific Underwriting
They evaluate covers per night, RevPAR, average check size, Google and Yelp ratings, reservation trends, and event calendars. These are the numbers that actually predict whether a hospitality business can repay.
Credit Card Split Repayment
Restaurants and bars processing heavy card volume can repay through a percentage split on each transaction. Swipe a $50 tab and a small piece goes to Coastal automatically. No separate ACH to worry about.
Pre-Season Preparation Advances
Seasonal hotels and restaurants can get funded ahead of peak season to cover renovations, staff hiring, and inventory buildup. The advance is structured so repayment ramps up when tourist season revenue kicks in.
Event-Based Funding
Caterers and event venues can take short-term advances timed to wedding season, conference schedules, or holiday party bookings. Repayment accelerates when the event revenue hits your account.
How It Works
Hospitality Application
Apply online with your business type, seating capacity or room count, 3 months of bank statements, and card processing records. They ask for hospitality-specific details up front.
Industry-Focused Review
Underwriters assess your business using restaurant, hotel, or venue metrics alongside revenue data. A 200-cover restaurant gets evaluated differently than a 50-room boutique hotel.
Custom Hospitality Offer
Your offer shows the factor rate, advance amount, repayment method (daily ACH or credit card split), and total cost. You choose the repayment structure that fits your operation.
Fund & Serve
Accept the offer and get funded in 24-48 hours. Use it for kitchen equipment, renovation, staffing, inventory, marketing -- whatever your restaurant, hotel, or venue needs.
What They Do
- Merchant Cash Advance
- Restaurant Funding
- Hotel Working Capital
- Event Venue Financing
- Hospitality Equipment Funding
Debt Types They Take On
- Merchant Cash Advance
- Revenue-Based Financing
- Credit Card Split Advance
- Hospitality Working Capital
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Restaurant Kitchen Renovation
Popular Italian restaurant in Chicago went viral on TikTok. Suddenly the kitchen could not keep up with demand. Owner needed $180K for a full renovation to increase capacity. Banks wanted 60+ days just to underwrite.
Boutique Hotel Pre-Season Refresh
28-room boutique hotel in Savannah running at 85% peak occupancy needed $250K for room renovations and a lobby redesign before spring tourist season. The owner wanted to push the nightly rate from $189 to $229 but needed the rooms to justify it.
Pros & Cons
Pros
- Exclusive hospitality focus means deep industry understanding
- Industry-specific underwriting criteria evaluate restaurants and hotels fairly
- Credit card split repayment is ideal for high-volume card businesses
- Pre-season and event-based funding programs
- Competitive factor rates starting at 1.12 for hospitality
Cons
- Only serves hospitality businesses — not available for other industries
- Credit card split repayment reduces effective take-home from each transaction
- Smaller total funded amount than some larger generalist providers
User Reviews (14)
the Florida focus is limiting for non-FL businesses
My bar is in Chicago. Coastal Capital is clearly a Florida operation. The underwriting team asked questions that suggested they don't work with many Midwest businesses. The rate I got (1.30 on $30K) was higher than what Florida-based reviewers report. If you're in Florida, especially South Florida, Coastal Capital seems excellent. If you're not, you're probably better off with a funder that doesn't have geographic specialization.
good rates and personal service
Coastal Capital assigned me a dedicated advisor who called me personally to discuss my salon's needs before sending an offer. $30K at 1.24 for renovations. The personal touch was nice — she asked about my business goals, not just my bank statements. For a mid-sized advance where you want more than a transactional experience, Coastal Capital provides that advisory layer.
finally a funder that understands Florida pressure washing
Pressure washing in Florida is HUGE because of mold, mildew, and humidity. Coastal Capital knew exactly why my business exists and how the seasonal demand works. Got $25K at 1.22 for a new truck and equipment. They didn't need me to explain what pressure washing is or why Florida homeowners need it every year. That industry literacy translated into faster approval and better pricing. Local funder advantage.
perfect funder for South Florida hospitality
Coastal Capital works with hotels, restaurants, and bars along the Southeast Florida coast every day. My boutique hotel in Fort Lauderdale got $150K at 1.20 — one of the best factor rates I've seen. They understood our revenue model (ADR, occupancy rate, seasonal patterns) better than any generic MCA funder could. The local specialization produced genuinely better pricing. $180K total repayment. Manageable weekly ACH.
Las Olas address and they match it in class
Coastal Capital's office is on Las Olas Boulevard which is basically the nicest street in Fort Lauderdale. The professionalism matched the address. My deli got $20K at 1.22 with a clean contract and transparent fees. The advisor was genuinely helpful rather than salesy. For a small advance the service quality was impressive. Not every funder treats a $20K deal with this level of care.
not ideal for businesses outside their geographic wheelhouse
My spa is in Scottsdale AZ. Coastal Capital is clearly focused on Florida. The underwriting felt generic — none of the local-market expertise that Florida reviewers rave about. Rate was 1.32 on $30K which is below-average for my credit profile. I think Coastal Capital is excellent for their home market but doesn't translate well outside of it. Went with a national funder instead and got 1.24 for the same deal.
Fort Lauderdale funder that understands South Florida hospitality
Coastal Capital is on Las Olas in Fort Lauderdale. They work with restaurants, hotels, and hospitality businesses daily. My restaurant on the beach got $55K at 1.22 factor rate. The underwriter immediately understood my seasonal pattern — November through April is peak, May through October is slower. They priced the deal off the annual average rather than just looking at my slow-season statements. Local market expertise matters.
professional operation with a local feel
Coastal Capital feels like a local business that happens to do MCA financing. The advisor knew the Fort Lauderdale market, understood my coffee shop's location-specific traffic patterns, and even knew my landlord's reputation. That local intelligence informed the underwriting and produced a fair deal. $20K at 1.24. $24,800 total. For Fort Lauderdale businesses, this local knowledge is a genuine advantage.
solid funder for Florida businesses
I'm in Tampa, Coastal Capital is in Fort Lauderdale. Close enough to feel local. Got $45K at 1.24 for my auto shop. Clean process, responsive team, contract matched the verbal offer exactly. For Florida-based businesses, having a local funder means they understand our market, our seasonal patterns (snowbird season, hurricane season), and our business environment without lengthy explanations.
decent rates and responsive team
Got $35K at 1.24 for my plumbing business. Coastal Capital's team was responsive throughout — calls returned within 2 hours, emails answered same day, no getting ghosted post-funding. The rate was competitive with national funders. Daily debits of $241. For a South Florida plumbing company, having a local funder who understands the housing boom and renovation market was helpful context during underwriting.
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Related Companies
Important Merchant Cash Advance Disclaimers
- A merchant cash advance is not a loan. It is a purchase of future receivables at a discount. Factor rates, not APRs, are used to express the cost of capital. Effective APRs on merchant cash advances can range from 40% to over 350% depending on the term and factor rate.
- Repayment is typically collected daily or weekly via automatic ACH debits or a percentage of credit card sales. This means your repayment amount fluctuates with revenue but withdrawals occur every business day, which can strain cash flow during slow periods.
- Most MCA agreements require a personal guarantee from the business owner. In the event of default, the MCA provider may pursue the owner's personal assets, including bank accounts and property.
- MCA providers commonly file UCC-1 liens against your business assets. This lien may prevent you from obtaining additional financing until the advance is fully repaid and the lien is released.
- Merchant cash advances are not regulated by federal lending laws such as the Truth in Lending Act (TILA). State regulations vary widely, and some states have limited consumer protections for MCA products.
- Stacking multiple merchant cash advances (taking a second advance before the first is repaid) significantly increases the risk of default and can lead to aggressive collection actions including confessions of judgment in some jurisdictions.
- Zogby does not provide merchant cash advances or business financing. We are an independent comparison service. We do not fund advances, process applications, or guarantee approval on your behalf.
This page is informational, not financial or legal advice. Talk to a qualified professional before making any big money decisions.
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