SBA-Backed lightning Loans for Small Businesses
Fully backed by the US Small Business Administration (SBA), a BOLT loan is one of the quickest ways to get funding for your business.
Running in conjunction with the SBA 7(a) Loan Program, BOLT loans have provided businesses with working capital nationwide. While many SBA loans can take 30 to 60 days for approval, BOLT loans can be approved in 10 days or less.
The Advantages of lightning Loans
BOLT loans are not only fast, but they provide additional benefits, including:
· Single-digit interest rates
· Insured and backed by the SBA
· Less paperwork required
· 10-year repayment terms
Is a lightni SBA Loan Suitable for My Business?
If you answer yes to any or all of the following questions, a BOLT loan may be a perfect fit for your business.
1. Has your business been in operation for a minimum of two years?
2. Do you bring in $150,000 or more in revenue annually?
3. Is your FICO score at or above 700?