BayFirst Financial (BAFN) announced that as part of a strategic review, the bank has discontinued its Bolt loan program, effective immediately. The Bolt loan program was an SBA 7 loan designed to provide small balance loans to small businesses, typically used for working capital. The company continues to explore a range of opportunities. The company is also reviewing how it may strengthen its core SBA 7 offerings, improve its operations, and adapt to evolving local and financial market conditions.
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