Frequently Asked Questions

Who is eligible to apply for a loan?

USPS, Federal Government and other eligible employees residing in Alabama, Delaware, Illinois, Mississippi, Missouri, Texas and Wisconsin. Federal workers include employees of VA, TSA, HHS and other non-military governmental agencies. Other eligible employees include anyone who works for a non-federal government entity or company that provides direct payroll deductions for loan payments.

How much can I borrow?

Loans range from $500 to $3000 and are subject to both Federal and State lending limits.  An actual loan amount will be determined once the application has been received and reviewed.

How can I apply for a Coast 2 Coast Lenders loan?

You can apply directly through this website. To apply online click here.

You will need to upload copies of the below items during the online process:

  • Copy of work ID
  • Copy of your driver’s license or State identification card
  • Copy of major credit or debit card listed on the application
  • Voided check, most recent bank statement or bank letter. Your name and complete account # must be printed, no handwritten or temporary checks will be accepted. You cannot use another person’s checking or savings account to qualify for this loan.
  • Utility bill

Two most recent paycheck stubs

How quickly will I receive my loan?

Often by the next business day after we receive your signed loan agreement.

What are the fees?

There are no additional fees for underwriting or credit approval.

How and when will I know my loan has been approved?

Once all documents have been received the information will be processed and verified. If your application is approved we will contact you by telephone or e-mail.

How will I receive my loan?

Once your application has been approved, we will send you formal loan documents. Once you sign and return the loan documents, your loan proceeds will be wired into your checking or savings account.

How will I repay my loan?

Payments are due bi-weekly. While the majority of our clients utilize their Federal Allotments, payments can also be made via payroll deduction, credit card, ACH, check or money order.

Can I apply for an additional loan after I get my first one?

Yes.  After 50% of your payments are made you can apply for a new loan.  The new loan will be used to pay off the first loan and the net amount left over will be sent to you.  For example, if your loan is 22 payments, you can apply again after 11 payments.

Can I change my mind after receiving a loan?

Coast 2 Coast abides by the Consumer Financial Services Association of America Best Practices and State laws regarding rescission, which enable you to rescind the transaction at no cost within a three-day time period by returning the full amount of the loan