SBA Pricing & Terms—Without the SBA Hassle
If you’re stuck with high-interest business loans, daily/weekly payments, or short repayment terms, you’re likely paying 2-5X more than you should be.
It’s not your fault.
Most business loans from Shopify Capital, OnDeck, and PayPal Working Capital are designed to trap small business owners in a cycle of short-term debt.
But now, for the first time, you can escape it.
With the SBA Bolt Loan, you can refinance expensive short-term debt into an affordable, long-term loan—without the paperwork nightmare of a traditional SBA loan.
The BayFirst BOLT Loan is at the intersection of fast speed, great rate, and high certainty of funding if qualified to see the funds in your account within 12 days.
Many business lenders use factor rates or flat fees instead of APR—hiding the true cost of borrowing.
That’s why we always use a APR calculator to convert buy rates into APR so it’s much easier to compare. Enter your buy rate, term, and repayment schedule, and see how much you’re actually paying on your capital.
Total Repayment:
Monthly Payment:
Implied Monthly Interest Rate: %
Nominal APR: %
Effective APR: %
*Factor rates are examples and may vary based on business qualifications. APRs can be higher or lower depending on daily/weekly payment schedules.
| Lender | Loan Amount | Advertised Rate (Factor/Flat Fee*) | Estimated APR | Term | Monthly Payment |
|---|---|---|---|---|---|
| SBA Bolt Loan | $150,000 | Prime + 4.75% (12.25%) | 12.25% APR | 10 Years | $2,174 |
| OnDeck | $150,000 | 1.35 Factor Rate* | ~45-60% APR | 12 Months | $16,875 |
| Shopify Capital | $150,000 | 1.40 Factor Rate* | ~60-80% APR | 12 Months | $17,500 |
| PayPal Working Capital | $150,000 | Fixed 40% Fee* | ~70-100%+ APR | 12 Months | $17,500 |
Business owners use the SBA Bolt Loan to refinance high-cost loans and escape the short-term debt trap. By lowering monthly payments, they free up cash flow to reinvest in their business. With a longer repayment term and lower rates, they can scale their business without financial stress.
We work quickly to determine needs and required documentation. We come back with prompt communication about pricing and necessary outstanding items to close.
Talk to one of our principals to find the best very best funding option for your practice or group.
