From the New York Stock Exchange Studio, New to The Street’s TV Host Jane King is with Kortney Murray, CEO/Founder of Coastal Kapital, LLC (“Coastal”), a non-bank and non-credit report funding entity. Capital is the lifeblood of any business, but many small to mid-size companies cannot secure a capital line for their operational needs. Kortney started Coastal Kapital in 2007 to help many secure needed operational funds. Coastal changed the narrative on funding with Kortney and her team looking beyond a person’s credit score. They examine the business operations and products/services and perform due diligence to understand business owners’ commitment and sacrifices. Kortney says that current bank loan algorithms have been in place since the 1950s, and they only look at credit scores as the mathematical stats to approve loans. Coastal differentiates itself by looking at the human element behind an operation and seeks to understand the business owners’ needs and how funding can grow existing operations. Coastal Kapital is raising money through a “Private Placement Memorandum” under the US SEC Rule 506(c) of Regulation D. Funds raised will increase the capital pool Coastal can use to assist those in need. The money raised will help women, minorities, and other businesses in their operations. Education is key to financial literacy, and Coastal looks to establish online resources and other collaborations to help people understand finance terminologies and methodologies. With current interest rates, Korney assists many manufacturers and vendors with difficulties securing necessary equipment and provides sales training and marketing ideas to grow product sales/services during these economic times. Throughout 2024, Kortney believes its debt funding will be in place so Coastal Kapital can expand its reach and help as many as possible secure business capital needs. Coastal Kapital, LLC continues to grow regardless of current macroeconomic conditions, and its services are available nationwide – “Financing You Can Trust.” The on-screen QR code is available during the show; download or visit Coastal Kapital, LLC – https://coastalkapital.com/.
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