What Is a lightning Sba Loan?
As mentioned in our previous blog, SBA-Backed Lightning Loans for Small Businesses, Lightning loans enable small businesses to receive funding quickly and easily. Lightning SBA loans can typically provide small businesses with up to $150,000 in funding, which can be a boon for a growing company.
Lightning SBA Loan Eligibility Requirements
BOLT loan eligibility requirements are straightforward and relatively easy to meet.
· Your small business has been in operation for at least two years
· Your business generates a minimum of $150,000 in annual revenue
· You have a minimum FICO score of 700
Lightning SBA Loan Benefits
BOLT SBA loans offer various benefits for small businesses, including:
· Approval in 10 days or less
· Backed and insured by the US Small Business Administration
· Low interest rates
· 10-year repayment terms
· Minimal paperwork