BOLT Program - Brand new program, expedited Low Doc up to 150k no cashflow analysis

**abfunders** · 02-16-2023, 01:53 PM

As of January 1, they don't pay 2 points anymore, they incorporated independently from the bank. You have to charge them separately, which is tricky on SBA deals, it legally cannot be a fee based on success. And minimum FICO for all owners is 700+ now, not 680.

**goatFunding** · 02-16-2023, 02:16 PM

Originally Posted by abfunders

As of January 1, they don't pay 2 points anymore, they incorporated independently from the bank. You have to charge them separately, which is tricky on SBA deals, it legally cannot be a fee based on success. And minimum FICO for all owners is 700+ now, not 680.

As per my rep, this is incorrect. commission is still 2 points.

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