The Bolt Loan - 10 Days to Funding
Introducing the BayFirst Loan Bolt Program: Quick and Easy Funding for Your Business
Looking for fast and flexible financing options for your business? MonthlyFi’s banking partners at BayFirst National Bank are excited to offer our customers access to this funding opportunity.
With the Bolt Loan, businesses with principals who have a minimum of 700 FICO scores and 2 years time in business can apply for up to $150,000 over 10 years. The unique part about the loan is that the program may take as little as 10 days to close instead of 90 with traditional SBA products. This loan is also focused on your annual Gross revenue, as opposed to traditional SBA products that only look at your Net. Take advantage of a 10-year amortization and funding as often as two times in the first year!
At MonthlyFi, we understand that every business has unique financial needs, and the Bolt program offers an attractive funding option for many of our customers. By partnering with us to arrange an SBA 7(a) loan, you can benefit from our personalized approach to financing, competitive rates, and exceptional customer service. Our team is dedicated to helping you navigate the loan application process and find the funding solution that best meets your needs.
Apply for the Bolt Program Loan with MonthlyFi
What's Needed to Apply
If you cannot provide these, or your FICO is not 700+, please refer to our other options for monthly payments.
- SBA 1919 Application
- Business Tax Returns for last two years
- Personal Financial Statement
- Driver’s License (Color Copy, Front and Bank) for all Owners
- List Item #1
- Operating Agreement
- Voided Check for Business Account
- Business License
- Some other internal applications
Loan Repayment Amortization Calculator
The Bolt Loan is 10 years (120 months) amortization. The rate is Prime plus 3.75%. Look up the Prime Rate here.
