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SBA 7(a) Loans through Lends Well

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


Loan terms up to 10 years


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!*


Limited Time Offer

The SBA will make the first 3 months of payments for loans approved between February 01, 2021 and September 30, 2021.

A personalized approach to SBA 7(a) loans

Lends Well is here to help you navigate the complex and often confusing SBA 7(a) loan process. With great interest rates, affordable once-monthly payments and no prepayment penalties, federally-backed SBA loans are considered the gold standard in small business lending. We’ll pair you with a dedicated loan specialist who will help you prepare a complete and SBA approval-friendly application.


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

Over $10 billion lent to 50,000 small businesses national.

Comprehensive Guide to SBA 7(a) Small Business Loans

Finding the right finance for your business can be a complicated and overwhelming experience. In this guide, we’ll show you the in’s and out’s of SBA 7(a) Small Business Loans, the perks of long term, low-cost, government-backed loans ranging from $500 to $5.5 million, and even helpful tips to make the application process smooth and speedy.


SBA Loan Calculator

Our SBA 7(a) Loan Calculator helps determine the amount you can borrow through the Small Business Administration.


Lends Well makes it fast and easy to apply

We know how diverse small businesses can be, and we will help build a unique loan solution around your needs. We work with a network of SBA Lenders to offer in–house approvals and accelerated processing giving you fast answers and even faster closings.1

SBA 7(a) Loan

Best used for expenses such as, inventory, working capital, equipment, and consolidating debt

  • Loan amounts from $25,000 to $500,000

  • 10 year loan term

  • Rate of Prime+2.75% (Currently 6%3)

Eligibility requirements

  • Businesses in operation for 2 years or longer.

  • Minimum annual revenue of at least $400,000.

  • No current federal tax liens.

  • Minimum 650 FICO score(s)5.

  • SBA Eligible industries


How it works

With a dedicated Lends Well Loan Specialist, we make sure you’re spending time running your business and not managing your SBA 7(a) loan application. Applying won’t affect your credit score.4

1. Start your SBA 7(a) loan application online by answering a few questions about you and your business. This takes about 6 minutes.

2. Receive a call from your dedicated Loan Specialist who will get to know your business and discuss your needs in order to help you complete your SBA loan application.

3. Work with your Loan Specialist to collect the needed documents, build, and submit your SBA loan application and credit package to our network of SBA Lenders.

4. After an SBA lender in our network receives your completed application package, they will do a final review/underwrite of your application. Typically, SBA 7(a) applicants will receive their decision within 3 weeks.

5. Once approved, our SBA lending partner will share a Proposal Letter (outlines the expected terms of your unique loan offer) for you to review and sign.

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What documents do I need?

Here are the most common business and personal documents required for your initial SBA 7(a) loan application. If your application package is initially approved during underwriting, your dedicated Loan Specialist will reach out and help you collect additional documents to validate your business and use of proceeds.


  • 3 years of business tax Returns

  • 2020 Balance Sheet and Profit & Loss Statement (if 2020 taxes are not ready)

  • Business debt schedule

Personal (for the Guarantor)

  • 3 years of Personal Tax returns for each business owner who owns more than 20%

  • Personal Financial Statement

  • Signed authorization to pull credit

Expected SBA 7(a) Loan Fees

  • (Waived for all loans approved between February 1, 2021 and September 30, 2021!6) SBA Loan Guarantee Fee – 1.7% for loans up to $150k and 2.25% for loans greater than $150k

  • Broker / Agent fee – Fee paid to the lender 

  • Closing Costs - Costs associated with underwriting expenses such as background checks, placing liens (if applicable), credit pulls

Note both SBA and Broker fees can be included in your loan request. To better understand anticipated rates and fees please visit our SBA 7(a) loan calculator.

SBA 7(a) Loans Frequently Asked Questions

  1. 1 Approval and funding times may vary by partner lenders. The industry average to receive SBA 7(a) loan funds post-complete application package submission typically ranges between 27-49 days. Through Lends Well SBA 7(a) lender partner, applicants may receive SBA 7(a) funds as soon as 13 days after the submission of a complete application package.

  2. 2 The monthly payment made by the SBA may not total more than $9,000 and this program is in effect only until funds allocated have been exhausted or the program date ends. Please reference the SBA Procedural Notice effective January 19, 2021 for full details:

  3. 3 Based on WSJ prime as of February 10, 2021. Rate is prime +2.75%

  4. 4 If your business is organized as a general partnership, your credit score may be impacted.

  5. 5 The minimum requirement for an SBA 7(a) loan through Lends Well is a 630 weighted average personal FICO score for all business owners. In the case of multiple business owners, a majority business owner may have a minimum of 600 personal FICO score only if the weighted average personal FICO score of all business owners is 650. In the case of a single business owner, a 630 personal FICO score is the minimum requirement. Please note that different financing options through Funding Circle have varying FICO requirements so even if you think you do not qualify for an SBA 7(a) loan or business term loan, you may still qualify for other options. Apply today at no cost and no obligation if interested.

  6. 6 The SBA will waive the loan guarantee fee for applicants applying for a loan between 2/1/21 - 9/30/21. Please reference the SBA Procedural Notice effective January 19, 2021 for full details:

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