BoltFunding Guide - Catalog of Commercial Funding Products

Introduction

Bolt Funding: Aims to provide fast, simple, and stress-free funding, acting as a strategic growth partner.
Target Audience: Startups, established businesses, and real estate investors.
Value Proposition: Turnkey process with clarity, confidence, and quick access to capital.
Partnerships: Over 200 lenders for tailored solutions.
Offer Timeframe: Most clients receive offers within 24 hours.
Funding Scope: From payroll to multi-million-dollar projects.
Commitments:
- Fast Turnarounds: Same-day funding available; SBA and real estate deals take 3–8 weeks.
- Straightforward Info: Clear and honest guidance without jargon.
- Real Guidance: Support through every step of the funding process.

Product Overview

Same Day Business Funding (MCA)

What it is: Fast, flexible working capital based on business cash flow, not credit score.
Assessment: Based on recent bank deposits.
Funding Timeframe: Typically within 24 hours.
Collateral: Not required.
Repayment: Automatically deducted daily or weekly.
Why it's important: Fills the gap for businesses that don't qualify for traditional loans due to credit, tax returns, or time constraints.
Best For: Businesses with strong cash flow needing quick capital for emergencies or growth.
Benefits:
- Approvals in a few hours.
- Up to $1,000,000$ funded in 1–3 days.
- No hard credit check.
- No collateral needed.
- Early payoff discounts may apply.
- Renewal options in 6–8 weeks.
Repayment Terms: Payments deducted daily, weekly, or biweekly, depending on the lender and business type. Daily payments typically occur Monday through Friday.
Factor Rates: Fixed cost multiplier instead of interest (e.g., a 1.30 factor rate on a $10,000$ advance means repaying $13,000$ total).
Renewal Options: Available after paying down 50% of the original balance, usually within 6–8 weeks, often with better terms.
Qualifications:
- $10,000+$ in monthly revenue.
- At least 3 months in business.
- U.S. business bank account.
- No open bankruptcies.
Common Reasons for Denial:
- Inconsistent or insufficient revenue.
- Excessive overdrafts or NSF activity.
- Non-traditional banking platforms.
- Suspicion of altered statements.
- Open bankruptcies or unresolved past defaults.
Process: Bank Statements → Scrub → Lender Match → Offer → Bank Verification → Funding

Syndicated Line of Credit (SLOC)

What it is: Unsecured business credit lines with 0% interest for 9–24 months.
Approval Basis: Personal credit, not business revenue.
Best For: High-credit individuals, startups, or solopreneurs.
Benefits:
- 0% interest for 9 to 24 months.
- $25,000$ to $250,000$ in unsecured credit limits.
- Funds usable for anything.
- Minimal documentation.
- No business revenue or tax returns needed.
- Option to convert credit into cash (6%–10% fee).
Qualifications:
- 680+ personal FICO score.
- No recent late payments, collections, or derogatories.
- Less than 3 hard inquiries in past 30 days.
- No new credit accounts in the past 12 months.
Advanced Strategies: Temporary paydown of balances via bridge loan to improve approval odds.
Liquidation Service: Converts credit limits into cash for a 6%–10% fee, often within 48 hours.
Fee Structure: One-time setup fee around 10% of the total amount secured.
Common Reasons for Denial:
- FICO score under 680.
- Too many recent credit inquiries.
- New credit cards opened within the last 12 months.
- High credit utilization.
- Late payments, derogatories, or collections within the past 2 years.
Process: Soft Credit Pull → Application → Approval → Line Issued → Optional Cash Conversion (6%–10% fee if converted)

SBA Loans (7A & 504)

What it is: Government-backed financing with favorable terms (low interest rates, long repayment periods).
Funding Source: Not directly from the SBA, but guaranteed by them.
Best For: Established businesses with solid credit seeking expansion, debt refinancing, equipment purchase, or working capital.
Benefits:
- Up to $350,000$ in funding.
- Terms as long as 10 to 25 years.
- Low interest rates: Prime + 2%–6%.
- Monthly repayment structure.
- Can be used for nearly any business-related purpose.
Qualifications:
- 2+ years in business.
- 680+ personal FICO score.
- 25K–$50K+ in monthly business revenue.
- No bankruptcies or foreclosures within the past 3 years.
Why it's great: Affordability and flexibility for consolidating debt, investing in marketing, hiring staff, or purchasing equipment.
Things to know: Document-heavy with extensive underwriting. May require full financials, tax returns, and collateral. SBA Express options can close in 1–2 weeks; complex files may take 6–10 weeks or longer.
Common Reasons for Denial:
- Low or inconsistent monthly revenue.
- Recent bankruptcies or foreclosures.
- Poor credit history or high credit utilization.
- Incomplete or unverifiable documentation.
- Lack of collateral.
Process: Full Application → Financial Documents → Underwriting → Approval → SBA Closing → Funding

Business Term Loans

What it is: Fixed amount of capital with a structured repayment plan (1–5 years).
Best For: Scaling companies investing in growth or consolidating short-term debts.
Benefits:
- Borrow up to $1,000,000$ .
- Flexible repayment terms: 12 to 60 months.
- Fixed payments.
- Lower interest rates than short-term advances.
- No prepayment penalties with many lenders.
Qualifications:
- At least $25,000$ in monthly business revenue.
- 1+ year in business.
- 600+ personal FICO score.
- Active business bank account with strong cash flow.
How it works: Lenders review credit and business revenue. Not typically collateral-based.
Process: Simple Application → Credit & Revenue Review → Offers Presented → Agreement Signed → Funds Disbursed

Real Estate Loans

Full suite of real estate investment products for flippers, landlords, developers, and commercial investors.
Asset-based and tailored to project needs.

Fix & Flip Loans

Used for: Buying and renovating distressed properties for profit.
Terms: Up to 90% Loan-to-Cost (LTC) or 75% After Repair Value (ARV), 6–18 month terms.
Ideal for: Experienced or first-time investors.
Payments: Interest-only during the loan term.
Approvals: Fast with minimal paperwork.

DSCR Loans

Used for: Long-term financing for rental properties, based on rental income.
Requirements: Debt Service Coverage Ratio (DSCR) typically 1.0 or higher.
Terms: 30-year fixed or interest-only options.
Verification: No personal income verification required.
Ideal for: Buy-and-hold investors.

Construction Loans

Used for: Ground-up builds or major rehabs, staged funding draws.
Funding: Released in phases based on milestones.
Payments: Typically interest-only until build completion.
Ideal for: Developers and experienced builders.
Requirements: Budgets, plans, and sometimes a licensed GC.

Bridge Loans

Used for: Temporary financing between buying a property and securing long-term funding or completing a sale.
Closing: As little as 5–15 business days.
Terms: Interest-only, 6–18 months.
Ideal for: Acquisitions, delayed closings, 1031 exchanges, or quick cashouts.

Commercial Real Estate Loans (CRE)

Used for: Acquiring, refinancing, or renovating commercial buildings.
Properties: Retail centers, industrial spaces, multifamily complexes (5+ units), or mixed-use.
Loan Amounts: From $250,000$ to $10M+$ .
Rates and Terms: Depend on property type, income, and borrower profile.

General Qualifications (Real Estate Loans)

660+ FICO score.
Property for investment or business use.
LLC or business entity typically required.
Strong equity position or down payment may be required.

Common Reasons for Denial (Real Estate Loans)

Insufficient equity or down payment.
Low DSCR or weak rental income.
Property not zoned correctly or has environmental concerns.
Incomplete documentation or financials.
Unclear exit strategy or use of funds.

Funding Timeframe (Real Estate Loans)

5 days to 3+ months depending on product type and documentation.
Process: Submit Deal Info → Credit Review → Appraisal (if needed) → Approval → Closing → Funding

Process Overview

Submit Application:
- Requirements: Last 3 months of business bank statements and FICO score.
- Credit-Based Options: Soft credit pull.
Initial Review:
- Team reviews file for funding readiness (revenue, credit, industry).
- Feedback provided on what to fix, if needed.
Lender Match:
- Deal shopped with 12–30 best-fit lenders based on profile.
- Avoids unnecessary credit hits.
Receive Offers:
- Offers presented within 24–48 hours.
- Options, rates, terms, and repayment details explained.
Accept Offer:
- Additional items may be requested (driver’s license, voided check, EIN docs).
- Assistance provided to ensure lender stays on track.
Funding Sent:
- Funds deposited within hours for same-day funding products.
- Regular updates for SBA and real estate loans.

Important Notes for Brokers

SLOCs are not same-day funding (7–10 business days to receive access).
Bolt handles everything (underwriting, document collection).
Updates available in real-time via Bolt Broker Back Office.
Final Recap sent post-funding.
What impacts funding speed:
- Speed of document submission.
- Type of loan.
- Lender's internal review timeline.
Same-day options: Revenue-based funding and renewals.
Slower programs: SLOC (7–10 days), SBA (3–8 weeks), real estate (5 days to several months).
Transparency is a priority; committed to a smooth, clear, and supported process.

Restricted Industries

The following industries are generally ineligible for funding:

Adult entertainment
Gambling or betting operations
Firearms, weapons, or ammunition sales
Cannabis or THC (CBD evaluated case-by-case)
Payday lending, high-risk financial services, or cash advance operations
Unlicensed or illegal businesses

Some industries may be eligible for certain products:

Nutraceuticals or supplements
E-commerce drop shipping without inventory control
Real estate syndications or investment clubs
Multi-level marketing (MLM) - evaluated case-by-case
Cryptocurrency-related businesses
Political, religious, or donation-based fundraising platforms

Product-specific restrictions:

SBA Loans: No cannabis, gambling, or businesses with ongoing litigation
Revenue-Based Loans: Exclude high-risk verticals like adult entertainment and unlicensed finance
Real Estate Loans: Involve property zoned for legal, commercial, or investment use

Required Documentation

Exact documents depend on the type of funding.

Core Documents (Required for Most Programs):

3 Most Recent Business Bank Statements: Revenue, cash flow, and banking behavior.
Estimated FICO Score: Soft credit pull to determine eligibility.
Valid Government-Issued ID: Verify identity.

Additional Documents (May Be Required):

Articles of Incorporation or LLC Docs: Verify business entity and ownership.
EIN Letter or Tax ID Certificate: Confirm business registration with the IRS.
Voided Business Check: Verify business bank account for funding deposits.
Driver’s License: ID verification.
Utility Bill or Lease Agreement: Confirm business address.

Real Estate Loans:

Property Address and Description
Purchase Contract or Sales Agreement
Scope of Work or Rehab Budget (for fix & flip or construction)
Appraisal Report (if available or required by lender)
Rent Roll and Lease Agreements (for DSCR and commercial loans)

SBA and Credit-Based Products:

2–3 Years of Business and/or Personal Tax Returns
Profit & Loss Statement (P&L)
Balance Sheet
Business Debt Schedule
Business Plan or Use of Funds Statement

Helpful Tips:

Upload clean, legible PDFs.
Ensure statements show full pages and transactions.

How To Get More Deals Funded

Set Expectations Early
- SBA and real estate funding can take weeks.
- Revenue-based options or SLOC for quicker access.
- Help them understand the cost vs. speed tradeoff.
Send Complete Applications
- 3 months of business bank statements
- Estimated FICO or permission for soft pull
- Clear ID and business verification documents
- If it's a real estate deal — include property info, purchase agreements, and a budget up front.
Pre-Screen Your Deals
Must have strong business revenue, strong personal credit, or ideally both.
- For Revenue-Based Funding (e.g., MCA, Term Loans):
  - Monthly deposits should be $10,000$ or more
  - Standard business bank account (not Cash App, Novo, Chime, etc.)
- For Credit-Based Funding (e.g., SLOC, SBA):
  - FICO score must be 680+ for SLOC, ideally 700+ for SBA
  - Low utilization is key — under 30%.
Follow Up = Fund More
- Follow doc requests quickly
Use the Notes & Back Office
- Check Broker Back Office regularly
Ask Questions!
- Ask if you’re not sure where a deal fits

Contact and Support

Email: funding@fundedbybolt.com
Website: www.FundedByBolt.com

General Funding FAQ

What types of business funding are available?
- Comprehensive range including revenue-based loans, term loans, lines of credit, equipment financing, SBA loans, and real estate financing.
How much funding can I qualify for?
- Varies depending on revenue, time in business, and credit history.
- Same-day revenue-based funding: $2,000$ to 1 million.
- SBA loans: Up to 350,000.
- Traditional term loans: Up to 15 million.
- Syndicated lines of credit: $25,000$ to $250,000$ , often with 0% interest.
Do I need perfect credit to get approved?
- No, but need either strong credit, strong revenue, or both.
- 680+ FICO for credit-based options.
- Revenue-based loans require a minimum of $5,000$ per month in business bank deposits.
How fast can I get the funding?
- Depends on the type of loan.
- Revenue-based loans: Within hours if documents are submitted quickly.
- SBA loans: 3 to 8 weeks.
- Syndicated lines of credit: 1 to 2 weeks.
- Real estate loans: Several weeks to several months.
Can I get funding as a new business or startup?
- Yes, typically based on personal credit and early business performance.
- Syndicated lines of credit for those with 680+ FICO.
- SBA startup program up to $50,000$ for businesses operational for at least 2 months, $20,000$ per month in revenue, and 700+ FICO.
- Secured loans or revenue-based funding if generating at least $5,000$ /month.
Will I have to personally guarantee the funding?
- In most cases, yes. No-PG options are reserved for established businesses.
- Business Credit Academy helps build business credit for no-PG funding.
What documents do I need to apply for business funding?
- Estimated FICO score.
- Three most recent months of business bank statements.
- Additional documents may be needed (driver's license, voided business check, etc.).
Does my business need to be making money to qualify?
- In most cases, yes. Credit-based options may still be available without significant revenue.
- Revenue-based loans require at least $5,000$ per month in business bank deposits.
How does business credit affect my ability to get funding?
- Strong business credit can lead to larger funding amounts, better terms, and lower interest rates, often without a personal guarantee.
- Business Credit Academy helps establish and build business credit.
What happens if I’m denied funding?
- Strengthen your application and reapply. Some lenders offer alternative solutions.
How do I qualify for a 0% interest business credit line?
- 680+ FICO score.
- No derogatory marks.
- No more than 3 hard inquiries in the last 30 days.
- No new credit card accounts opened within the last 12 months.
- Credit card paydown service available.
- Card clearing service to convert credit lines into cash for a 6% fee.
Is it possible to secure a loan without a personal guarantor? I don’t want my SSN attached to the business.
- A personal guarantor is typically required. Some vendor accounts and business trade lines may not require a personal guarantee.
How do churches and non-profits qualify for funding? What documents are required?
- At least 12 months of consistent banking activity.
- Demonstrated monthly deposits (from tithes, grants, or donations).
- A business bank account in the organization’s name.
- Recommended documents include a 501(c)(3) determination letter, bank statements, and an EIN letter.
What is the difference between a Syndicated Line of Credit and a traditional Line of Credit (LOC)?
- Traditional lines of credit requires strong financials, 2+ years in business, clean banking behavior and tax records, broker is only paid on the draw amount, not the full line
- Syndicated Lines of Credit offer a much more accessible and flexible option. With a qualifying personal credit profile applicants can access 25,000 – $250,000 in 0% interest business credit cards with fast approval
When are commissions paid on Lines of Credit that close?
- Only paid on the amount the client actually draws within the first 30 days of the line being issued. Your payout is calculated as 40% of what Bolt Funding receives
What happens if a client liquidates a Syndicated Line of Credit (SLOC)?
- Whether or not a client chooses to liquidate the cards from their Syndicated Line of Credit, your commission remains the same and do not reduce commission. Fee is fixed to 6% from a third party provider.
If I have questions about my loan, how can I get updates? How often will my client be updated?
- You can get updates about each application directly in the Broker Back Office. If the answer is not there, you are welcome to email at funding@fundedbybolt.com. and they should aim to respond within 24 business hours whenever possible.
I’ve had notes in my portal change or disappear. What is that attributed to?
- There may be occasional system glitches or syncing issues that can occur.
What is the typical turn time for the loans we offer?
- Revenue-based loans can fund same day with complete docs
- Syndicated lines of credit are typically approved in 24–48 hours, with full access in 1–2 weeks.
  - SBA loans usually take 3 to 8 weeks, depending on complexity and how fast documents are submitted.
- Real estate loans can take several weeks to a few months, depending on deal size and property requirements.
Do we offer NO DOC loans?
- Yes, we do and For credit-based funding such as Syndicated Lines of Credit (business credit cards with 0% interest for 9–24 months), no financial documents are typically required to apply.
- Revenue-based loans, most lenders only require 3 months of business bank statements, basic business details (EIN, ownership structure) and Possibly a soft or hard credit check
What time frame is necessary for funding a startup company?
- If revenue-based is preferred the time frame for funding is 24–72 hours, with good personal credit (680+ FICO) approval rates can happen within 24–48 hours, with full access to funds in about 1–2 weeks.
Why is my client only being approved for an MCA loan?
- MCAs used for short-term and high-cost funding options and will be offered when there is low credit scores, limited time in business, high debt, or inconsistent revenue.
What are the typical terms and rates on loans?
- Revenue-Based Loans / MCAs: Typically short-term (4 to 12 months), with factor rates ranging from 1.3 to 1.6 (equivalent to 30%–60% cost of capital). Payments are usually daily or weekly.
  - Syndicated Lines of Credit: Offer 0% interest for 9 to 24 months.
    - SBA Loans: Offer the most favorable terms—rates around prime + 2% to 6%, with terms up to 10–25 years
  - Term Loans and Equipment Financing: Rates typically range from 7% to 20%, with terms from 1 to 5 years
Do I need to provide a credit report or sign up for credit monitoring?
- No, all that is needed is your estimated FICO score.and depending on the loan it may or may not require a hard pull . Syndicated lines of credit will result in multiple credit inquiries
What is the system called that “flags” clients with derogatory payment history?
- DataMerch reports derogatory activity especially with MCAs .
My client’s credit report is locked. When should they unlock it?
- The time of application especially if they’re applying for credit-based funding like a syndicated line of credit or SBA loan and ensure we can move quickly if they’re ready for underwriting.
What other things besides credit can get a client denied for funding?
- Run a background check for any criminal history, especially related to fraud or financial misconduct.
  - banking activity, social media presence and identity verification can also disqualify clients.
If a client is denied by a lender, can they reapply? How soon?
*Yes and we recommend waiting at least 30 to 60 days before reapplying to the same lender
How do I ensure my commission is correct, without knowing how much was made on the loan?
*Once a deal is funded and we receive the settlement information from the lender, your commission is automatically calculated based on the final amount funded and the product-specific compensation structure.and your commission details will be uploaded to your Broker Back Office,
I was told we work with 177 lenders—what’s the process for getting my client in front of multiple lenders?
- Evaluate on a credit-based and revenue-based standpoint. We then shop the file with anywhere from 12 to 30 lenders, Depending on the client profile
Do we shop for our clients to present multiple offers? If so, does each lenderrun a credit check?
- Yes, but not all loans run a hard credit check
  # Glossary of Terms

Advance: A lump-sum payment of capital, often repaid daily or weekly with a fixed total repayment amount (common in MCA-style products).
Amortization: A loan repayment method that includes both principal and interest over time, often in fixed monthly payments.
ARV (After Repair Value): The estimated value of a property after renovations are completed.
Bridge Loan: Short-term financing used to bridge the gap between immediate capital needs and longer-term financing or a property sale.
Business Credit: A credit profile tied to an EIN (business tax ID) rather than a Social Security number. Helps qualify for funding independently of personal credit.
Cash Advance: Another term for a merchant cash advance — funding based on future revenue, not credit.
Collateral: Assets (such as property, vehicles, or equipment) pledged to secure a loan. Required in some SBA, real estate, and construction loans.
Credit Utilization: The percentage of available credit you’re using. High utilization can negatively affect approval chances, especially for SLOC.
DSCR (Debt Service Coverage Ratio): A measure of whether rental income can cover loan payments. DSCR > 1.0 is typically required for rental property loans.
Draw: The act of using available funds from a line of credit. Commissions for LOCs are often paid on the draw amount, not the total line approved.
Factor Rate: A flat repayment multiplier used instead of interest. A 1.30 factor on $10,000$ means you repay $13,000$ total.
FICO Score: A personal credit score used by lenders to evaluate creditworthiness. Most funding programs require at least a 600–680 score.
Funding Timeframe: The typical number of business days from approval to money in hand. Varies by product.
Interest-Only: Loan structure where you only pay interest during the initial term, followed by principal repayment or refinancing.
LTC (Loan-to-Cost): Loan amount compared to the total project cost (common in construction or fix-and-flip loans).
LTV (Loan-to-Value): Loan amount divided by the appraised value of a property. Determines risk and loan eligibility.
Merchant Cash Advance (MCA): A type of revenue-based funding repaid through daily or weekly debits from your bank account.
NSF (Non-Sufficient Funds): Failed bank transactions due to insufficient balance. Excessive NSFs can lead to denial.
Personal Guarantee (PG): A legal promise that the borrower will repay the loan personally if the business defaults.
Real Estate Investment Loan: Funding specifically for buying, renovating, building, or refinancing investment properties.
Renewal: A new advance offered once a previous advance is partially repaid — often with better terms and more capital.
SBA Loan: A government-backed loan offering favorable rates and long terms, ideal for established businesses.
SLOC (Syndicated Line of Credit): A bundle of unsecured 0% interest business credit lines based on personal credit, used for flexible capital access.
Soft Credit Pull: A credit check that doesn’t impact your credit score. Used for prequalification on most products.
Stated Income: A loan process where income is declared but not verified via tax returns — typically for credit-based or DSCR loans.
Term Loan: A fixed lump sum of capital repaid over a set period with scheduled payments, often monthly or weekly.
Underwriting: The process lenders use to evaluate your application, verify documents, and assess risk before issuing an offer.
Voided Check: A blank check from your business bank account with “VOID” written on it, used to verify funding details.