SBA Bolt Loans.
Quick and Simple.
Get up to $150,000 for working capital in days, instead of weeks, with reduced paperwork and a streamlined process.
Call Us: 8483735249
What is an SBA Bolt loan?
An SBA Bolt loan is an SBA 7(a) loan issued by the SBA small-business lending division. Unlike traditional 7(a) loans, SBA Bolt loans have a streamlined application process with less paperwork and faster funding times. These loans are only available up to $150,000 (as opposed to the standard 7(a) maximum of $5 million) and are used for working capital needs.
SBA Bolt loan features
Like standard 7(a) loans, SBA Bolt loans are partially guaranteed by the SBA and issued by a participating lenders. Here are the features you can expect from this financing:
| Loan amount | $25,000 to $150,000 |
|---|---|
| Repayment terms | 10-year term; monthly repayment schedule. |
| Interest rates |
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| Fees | No prepayment penalty, other SBA loan fees may apply. |
| Use cases | Working capital needs, such as utilities, payroll, office supplies, marketing costs. |
| Funding speed | Within days. |
SBA Bolt loan requirements
To qualify for an SBA Bolt loan, you’ll need to meet standard SBA loan requirements, such as:
Be a U.S.-based business operating for profit.
Meet the SBA’s definition of a small business.
Operate within an eligible industry.
Be unable to obtain financing on reasonable terms from nongovernment sources.
Although Swift SBF follows the SBA guidelines for ineligible industries, it prefers to work with certain types of businesses.
How to apply for an SBA Bolt loan
You can start the SBA Bolt loan application process by filling out a prequalification form on Swift SBF. This form will ask you to provide basic details about yourself, your business and other business owners who have a stake of at least 20%.
You’ll also need to include:
A breakdown of your use of proceeds.
The combined fair market value of your business assets.
A description of your management team, the time under current management and depth of your industry experience.
A copy of your driver’s license.
Two most recent years of business tax returns.
Most recent year of personal tax returns.
Once you submit this form, you’ll find out if you qualify (and if so, for how much capital) and you’ll work with dedicated lending representatives to complete your application.
The SBA loan application may ask you to provide additional documentation, such as:
Profit and loss statements.
Balance sheets.
Current business debt schedule.
Personal tax returns for the last three years (for all owners with at least 20% ownership).
SBA Form 413, Personal Financial Statement.
According to Swift SBF, you can get SBA Bolt loan funding in just days. Funding times can vary, however. To get access to funds as quickly as possible, you can make sure you provide correct, up to date documentation and answer lender questions promptly.
Don't Take a High Interest, Short-Term Business Loan
Short-term, high-interest business loans are going to cost you...
Interest rates of 20% - 70% or more
Repayment term of 1 - 5 years
Outrageously high monthly payments
With Loan BOLT, business owners just like you can quickly get working capital for your business up to $150,000 with a low rate of Prime + 4.75% and a 10-year repayment term.
Why an SBA Bolt Loan ?
LESS DOCUMENTATION
Enjoy an easier loan process with only a fraction of the required documentation than with most SBA loans.
FAST FUNDING
Receive a loan for up to 30% of last year's gross revenue up to a maximum of $150,000, often funded within 10 days from the completed application package.
LOWER MONTHLY PAYMENTS
Get a 10-year repayment term so you can avoid the outrageous monthly payments of a short-term loan.
LOWER RATES
Most rates are Prime + 4.75% with 10-year terms, offering you lower monthly payments and long-term growth capital.
FLEXIBLE GUIDELINES
To qualify you must have 2 years in business, a 700+ FICO score, and $150,000+ in annual business revenue.
EVERY 90 DAYS
Apply for a new LoanBud Bolt Loan every 90 days up to 3 times per year.
SCHEDULE A CONSULTATION
Speak with one of our experienced loan officers who will understand your goals and help create a plan.
KNOW YOUR OPTIONS
Discover what options are available to you and have confidence knowing your income has been reviewed up front.
CLOSE YOUR
LOAN
Relax as we guide you through a stress-free loan process so you can close on time.
FAQs
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You're a good candidate if:
1) Your business is in operation for at least 2 years
2) You have a 700+ FICO
3) Your business has $150k or more in annual revenue
If you have questions about the required documentation, schedule a consultation to receive a personalized review.
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Most business owners know that cash is the fuel that grows a business. Our SBA Bolt Loan is an easy way to fund a growing business with an expedited loan of up to $150,000 and favorable terms. SBA Bolt Loans can be funded in as little as 7 days from the receipt of the completed application. SBA Bolt Loans offer a 10-year term and most interest rates are currently Prime + 3.75%, instead of the double-digit rates that alternative lenders provide. You may be a good candidate for a SBA Bolt Loan if you want to:
Buy inventory
Refinance debt
Gain working capital
Get cash for receivables that haven’t been paid
Buy small equipment
Need cash but don’t want to pay double-digit interest rates
Have a question about how you can use a SBA Bolt Loan? Schedule a consultation to receive your personalized analysis.
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Many short-term business loans come with a short repayment term and double-digit interest rates. SBA Bolt Loans typically offer a 10-year term and interest rates of Prime + 3.75%, instead of double digits.
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In order to be approved for a SBA Bolt Loan, all borrowers must have a minimum FICO score of 700.
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SBA Bolt Loans are provided as working capital and can be used for simple loan uses including but not limited to:
Inventory
Buying small equipment
Payroll
Marketing
Other business expenses
Have questions about how you can use a SBA Bolt Loan to grow your business? Schedule a consultation with one of our partnered Bolt loan officers today to receive a personalized analysis.
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Partner PLP status gives us an edge in the SBA lending landscape. First and foremost, this designation validates our expertise, experience, and track record when disbursing SBA loans efficiently and on schedule. But its primary benefit lies in bypassing lengthy reviews by the SBA itself by having autonomy to make credit decisions internally - this means faster decisions, simpler procedures, and greater customization to each business's specific requirements.
Borrowers benefit greatly from our PLP status; traditional SBA loan applications may become bogged down in bureaucratic processes; with us as your PLP lender, delays are minimized significantly and funding for SBA Bolt Loans can occur within 10 days from receiving your completed package!
By making credit decisions in-house, we not only streamline loan approval processes faster but also ensure they're tailored specifically to our clientele's unique situations. With an in-depth knowledge of various industries combined with PLP status's flexibility we are able to quickly develop solutions tailored specifically for you - which translates to an enjoyable loan experience tailored specifically for you and ensuring all financial needs of your business are quickly addressed efficiently and timely.
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Although both loans support small business endeavors, the SBA BOLT Loan program stands out due to its emphasis on swift financing and efficiency. Traditional SBA loans, while extremely useful, can sometimes involve an extended application and approval process that poses difficulty to businesses that urgently require capital. The SBA BOLT Loan program was specifically created to streamline application procedures by eliminating paperwork and bureaucratic obstacles. As this loan ensures businesses receive financial support in a timely fashion, making it particularly appealing to enterprises looking for immediate operational needs, financing solutions or managing unexpected expenses. So if time matters as well as capital when running your own business, the BOLT SBA Loan may just be what's necessary to reach financial independence.
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The SBA BOLT Loan was designed with flexibility in mind and serves a range of industries and business models. While its eligibility requirements can be found here, potential borrowers must meet specific stipulations or fulfill certain prerequisites to become eligible. These requirements ensure the loan meets its stated purpose and is carried out responsibly, with some industries or business types having specific constraints or preconditions related to operations, regulatory environments or inherent business risks that must be satisfied in order to secure funding. To accurately ascertain if your business fits within the BOLT SBA Loan's criteria or has special considerations that require special attention for its industry, engaging in dialogue with one of our loan officers is key in order to identify any relevant details about financing your journey efficiently and with knowledge. They possess expert guidance which ensures an informed financing journey is experienced with minimal barriers along the way.
How can you obtain affordable capital to grow your business?
As a business owner, you sometimes need cash to grow, expand, or sustain operations. The problem is, most business loan options come with high-interest rates and monthly payments which are a strain on cash flow.
We believe denying small business owners access to capital with reasonable terms is just wrong. That’s why we allow our customers to get BOLT SBA Loans with lower rates and fast funding.
Here’s how it works:
1) Schedule a Consultation
2) Know Your Options
3) Close Your Loan
Request a free consultation today so you can stop worrying about a business loan and start watching your business grow with Loan Bolt.
BUY COMMERCIAL REAL ESTATE
We provide up to 100% financing for SBA 7(a) loans used for the purchase of owner-occupied commercial real estate.
FlashCap™ SBA LOANS
SBA loans up to $350,000 for working capital, equipment, inventory, debt refinancing, and more.
