What is sba loans?
SBA loans are the gold standard of small business financing. With government guarantees backing the loan, lenders offer rates and terms that simply are not available anywhere else.
Bolt Funding is partnered with preferred SBA lenders (PLP status) across the country, which means we can underwrite, approve and close your SBA 7(a) or 504 loan without the SBA itself touching the file. That cuts weeks off the typical timeline. We help with acquisitions (10% down on a business purchase, vs. 25–35% for a conventional loan), commercial real estate (up to 25-year terms, 90% LTV), partner buyouts, debt refinance and working capital. If you have 2+ years in business, decent personal credit, and a viable use of funds, SBA is almost always the right answer.
Why business owners choose SBA
- ✓ Lowest rates available to small business
- ✓ Terms up to 25 years on real estate
- ✓ Up to $5M loan size
- ✓ 10% down on partner buyouts
- ✓ Funds usable for almost any business purpose
Things to consider
- ! Longer underwriting — 30 to 60 days
- ! Heavy document requirements
- ! Personal guarantee required
- ! Need 2+ years in business and good credit