The SBA Bolt Program - 10 Days to Funding
Introducing the SBA Bolt Program: Quick and Easy Funding for Your Business
Looking for fast and flexible financing options for your business? The Small Business Administration (SBA) has launched a new program called the SBA Bolt program, and MonthlyFi is excited to offer our customers access to this funding opportunity.
With the SBA Bolt program, businesses with principals who have a minimum of 700 FICO scores can apply for a loan from a private bank with SBA backing. The program takes only 10 days to close, and funding is available for a maximum of 30% of the company’s annual gross revenue in the last year’s tax returns, up to $150,000 at a time. We do not look at the net revenue. Plus, businesses can take advantage of a 10-year amortization schedule and can fund twice in a year, with 90 days between funding.
At MonthlyFi, we understand that every business has unique financial needs, and the SBA Bolt program offers an attractive funding option for many of our customers. By partnering with us for SBA Bolt program loans, 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 an SBA Bolt Program Loan with MonthlyFi
Ready to take advantage of the SBA Bolt program and grow your business? Apply for an SBA Bolt program loan with MonthlyFi today. Our experienced team of loan specialists is standing by to answer your questions and guide you through the application process. Contact us to learn more and get started!
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 SBA Bolt program is 10 years (120 months) amortization. The rate is Prime plus 3.75%. Look up the Prime Rate here.