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Paycheck Protection Program Loans Are Here

First draw and second draw PPP loans are available through Lends Well and Partners. Funds are limited and will be disbursed on a first come, first served basis.1


Only 1% Interest

All loans will have a non-compounding and non-adjustable 1% interest rate.


100% Loan Forgiveness

For qualified loan uses like payroll costs, mortgage interest, rent, operations expenditures, property damage costs, supplier costs, personal protective equipment and utilities.


Loans from $5,000 – $2 Million


Funding Circle can provide loans from $5,000 up to $2 Million.

No Collateral Needed

There are no collateral requirements or personal guarantees needed.

Our Paycheck Protection Program application process

Lends Well  understands this is an unprecedented situation, and will work with you all the way to continue our support of small businesses, like yours, to grow, create jobs, support your community, and drive the economy forward.

Existing Lends Well PPP Recipient

  1. Sign in and complete your streamlined application

Access your personal second draw application to confirm a few details and submit additional documents

2. Hear from us

Your dedicated Account Manager will contact you through email as soon as possible to review your documentation, complete your file and answer any questions you may have.

3. Get a decision

We’ll work on determining the amount of PPP funding that your business may qualify for after completing your file.

4. You get funded!

If approved, you’ll receive money in your bank account as soon as possible, once you accept your offer.

Kristen Smith

Account Manager

"Applied for Loan on Friday, funds in account on Tuesday!!! Amazingly smooth process from beginning to end! Kristen Schieck is an AMAZING Account Manager!!" – Mick H.


Chad Rossiter

Senior Account Manager

"The process was easy and fast and best of all we got the funding we needed at a very favorable rate and term. We are thrilled and really enjoyed working with Chad." – Mary Hall


*Testimonials based on non-SBA term loan application and funding process

Image by Edward Cisneros
Image by Edward Cisneros

Get funded


Please be prepared to submit all documentation when requested. We will alert you of documents required as soon as possible. Failure to provide all requested documents will delay your submission.

We’re in this together.

Lends Well remains focused on helping business owners drive their communities and the economy forward. We will continue to share the most updated relief information and COVID–19 related resources so that you may take advantage of all opportunities available.


Paycheck Protection Program with Lends Well

The Paycheck Protection Program (PPP) is a loan program administered by the Small Business Administration (SBA), allowing eligible small businesses to apply for federally guaranteed, forgivable loans.

Program Details:

  • 250% of average monthly payroll (350% for second draw only if food services or accommodations)

  • Loan amounts from $5,000 – $2 Million

  • Fixed 1% interest rate

  • Maturity of 5 years for loans

  • Payment deferral possible (see forgiveness FAQ)

  • 100% guarantee by SBA

  • No collateral or personal guarantees needed


Document Requirements

Frequently Asked Questions

Additional Information

For more information about SBA loan programs, please visit the Small Business Administration website.
To get on the advanced application list for the Paycheck Protection Plan (PPP), please visit Funding Circle will start processing these applications (subject to SBA approval, Lends Well and our partners will start processing these applications).

Paycheck Protection Loan Forgiveness FAQ

Updated 01/11/2021

Once you’ve received your Payment Protection Program (PPP) loan, you’ll need to use the funds for specific expenses and meet the requirements to have your loan forgiven. While new laws and regulations may impact the process and requirements, we’ve answered some of the most common questions based on the latest guidance. Please note that these answers are subject to change based on further guidance and in particular, SBA guidance.

  1.  Paycheck Protection Program funds are limited and will be disbursed until March 31, 2021, or until funds have been exhausted, whichever comes first.

  2.  Eligibility requirements for loan forgiveness can be found at

  3.  Lends Well may partner with other lenders to provide a full range of loan options to qualified borrowers, loan amounts are subject to certain exclusions (including but not limited to state and/or entity type). Your lender will be disclosed in application or Promissory Note. Minimum loan amount set at $25,001 for DC and TN.

  4.  Additional applicable timelines for businesses that were not in operation in Q1, Q2, Q3, and Q4 of 2019 are available. Applications submitted on or after January 1, 2021 are eligible to utilize the gross receipts from the fourth quarter of 2020.

  5.  If all or a portion of your PPP loan is not forgiven by the SBA, then your monthly repayment of the unforgiven amount will begin approximately 30 days after Lends Well has been notified of the SBA's forgiveness decision or receives payment from the SBA.

  6.  Borrowers have until March 31, 2021, to communicate their chosen covered period to the lender. For purposes of loan forgiveness, the covered period is the period beginning on the date the lender disburses the PPP loan and ending on a date selected by the borrower that occurs during the period (i) beginning on the date that is 8 weeks after the date of disbursement, and (ii) ending on the date that is 24 weeks after the date of disbursement.

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