entrepreneur-applying-for-a-business-loa

Business Term Loans through Lends Well

Start your application today and get SBA 7(a) funds 3x faster than the industry average.

3.PNG
jg.PNG

Decision as fast as 24 hours and funds in as few as 3 days

Capture.PNG

Flat 6% interest rate

*Based on WSJ prime as of 6/8/20.
Rate is prime +2.75%

Loan amounts from $25k-$500k

Applying won’t affect your credit score!*

Get a Term Loan made exclusively for small businesses

Every day, thousands of successful business owners struggle to get loans to grow their businesses, battling endless streams of paperwork and complex loan options. We believe small businesses deserve better.

Apply through Lends Well network of partner lenders to get a term loan exclusively made for small businesses. Your dedicated loan specialist will work with you to find a loan tailored to your needs.

mmm-removebg-preview.png
fff.PNG

Since 2011, Lends Well has helped businesses in over 700 industries access the capital they need.

Over $10 billion lent to 5,000 small businesses national.

Pros and Cons of a Business Term Loan

Pros

  • You’ll have a set repayment schedule, making it easier for you to control your cash flow.

  • You can use a term loan for almost any business purpose - buying inventory, hiring, consolidating debt, and more.

  • You can build business credit by paying off a business term loan.

Cons

  • You typically need good to excellent credit to qualify.

  • Shorter-term loans are typically more expensive than longer-term loans.

You deserve better business finance

Lends Well was created with a big idea: to revolutionize the outdated lending system and build a better deal for small businesses. With one 6 minute application we can help you find the right financing options for your needs, from lines of credit to term loans, cash advance and even Small Business Administration (SBA) loans.

Let's get started.

01

fdgd.PNG

Start your online application

Apply online in 6 minutes with one simple application.

vcv.PNG

02

Review your options

Your dedicated Account Manager will contact you as soon as possible to review your needs and help you find the best funding option for your business.

ddd.PNG

03

Get funded

Get a decision in as little as 24 hours and funding as soon as the next day accepting an offer.

Quick Facts

Loan Amount

$50,000

Use of proceeds

Consolidate Debt

Industry

Hair salon

03.jpg

Laurie Ash

Hair Colour Center

''Every step was much quicker than I thought it would be...When I got my offer, I understood why it was what it was. And it was much lower than what I was paying with my credit cards.”

Business Term Loans Frequently Asked Questions

  1.  If your business is organized as a general partnership, your credit score may be impacted.

  2.  Approval and funding times may vary by lending partners.