How It Works:
The lightning program is a quick SBA Loan that can help applicants get up to $150,000 in as little as 3-4 weeks. Underwriters reviewing applications will base the loan amount off of the businesses prior years top line revenue instead of profit margins. You receive 30% of the prior years total revenue up to $150,000.
Here’s What’s Needed to Apply:
- Application
- Last 6 months of business bank statements
- Driver’s license
- Voided Check
- Last 2 business tax returns
- Prior years year end financials- P&L with a Balance Sheet
Qualifications:
- 700+ Credit, 2 business tax returns, strong business credit, Gross annual revenue above $120,000
