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

How much is postage and how long will my parcel take to get to me?

Postage as of 1st April 2021 is £3.49 second class and £4.99 first class in the UK. We offer a 48 hour tracked service also but you should add onto this dispatch times which may vary. Overseas shipping will cost extra, but thats no problem, we can quote you for this. We very rarely encounter any issues with delivery however please note: even Royal Mail say that " any dates quoted are approximate only, and the time of delivery is not of the essence." We can not therefore ensure that the service you receive will be uninterrupted, timely, secure or error free, however, we will try our very best to ensure a smooth and swift service. We can not guarantee that a parcel will arrive with you in any time frame as we have no personal control over your parcels' delivery. Your beautiful gift will be sent to you in the post via Royal Mail. We can send your parcel to you, or direct to the person it is for, if you want us to. We offer a gift wrapping service designed especially for this and we can pop a note or a greeting card in there for you too. Please contact us for further info. Whoever your gift is for, it will be wrapped with love and bubble wrap in postage bags or boxes and a proof of postage is obtained. Your parcel is delivered from our HQ in the heart of Lincolnshire to your door. We aim to ship out within one working day, however, we dont ship at weekends and cannot ship on bank holidays. Any weekend orders will be processed on Monday morning. We are finding that the Royal Mail delivery times are taking a lot longer as online shopping has increased through lockdown and the Christmas period is seeing significant delays of up to two to three weeks. We have no control over this but we can aim to post your product out within one to two working days to get it on its way as soon as possible. Please therefore allow extra time for your parcel to arrive. There are times we will be away. And we will have some time off too so please check our Facebook/Instagram page for updates and I will also leave a note at checkout advising of this. Our handmade products will take a little longer because they have been personalised for you and any made to order gift will not be refunded.

Returns and refunds - terms and conditions

If you are unhappy with your purchase from Next Chapter Gifts, please return it to us within 14 days of reciept, by Royal Mail, retaining a proof of postage until we have acknowledged receipt of it. Please note: we do not pay for products to be returns. Unfortunately, we cannot cover any shipping costs you incur for returning a product or refund the original postage costs. Personalised items cannot be returned. If you do return a product we will happily issue you a refund for the product as long as the product is in the condition that we sent it. If you do not meet these requirements a refund may not be issued. If your product arrives with you and it is damaged in any way we will issue you a replacement if we have one, or if we dont have another lovely gift in stock we will issue you with a full refund. We would require photos of the product to be sent to us clearly showing the damage and possibly may ask for the product to be returned to us. As for refunds due to parcels going missing, we have up to 30 days in which to issue a refund under the Consumer Rights Act 2015 and cannot refund you until a process has been followed. We will not and can not guarantee that your parcel will be delivered within a specific amount of time as we have no control over the Royal Mail or any other delivery service. Once your parcel leaves us we are reliant on the delivery services ourselves. If your parcel has gone missing we can track the delivery however we cannot issue a refund until we have opened a missing parcel investigation with Royal Mail. We try to resolve matters quickly for our customers, however, Royal Mail will not open missing parcel cases until 10 -14 working days have passed. Once Royal Mail have agreed the parcel is missing we will refund you. If 30 days have passed, regardless of Royal Mail confirming the parcel is lost we will refund you.

Free shipping coupons. Do we ship overseas?

Free shipping coupons and codes are meant for the recipent only and should not be used by anyone else. A free shipping code will entitle the user to one,free, second class shipping only, even if other options are available, the item will be sent second class only. If you would prefer your item to go first class or by 48 hour tracked you must pay for this service. The codes are only for U.K delivery. It is not possible to use free shipping codes for overseas. Do we ship overseas? We certainly do, its no problem! Please send us and enquiry via our contact form and we will contact our Post Office and get a price for you or ue the calculator on the website at checkout. We have shipped to the USA so we know that price varys from £11 - £23 depending on weight. The best prices are found for you.

It says out of stock - are you getting any more in? Prices too. And timeliness of information.

If there is something you would really like and its saying out of stock we will put a date that new shipment is due in at the top of the picture. However, please still feel free contact us via our enquiry form and we will advise you if we can get it in for you or when a further shipment is due in, especially if no further shipment date can be seen. The information on this website is for general guidance only and should not be used solely for making decisions. We try to represent our products fully but these are just guidelines. We reserve the right to change our prices online at any time and without notification. Our prices may vary from visit to visit to our website due to increases in costs or the prices may decrease because we have decided to run a sale. Products also may be on an introductory offer and then may go to full price. We do not accept any liability for a product and the use for which they may be used for. There are no warranties and guarantees with our products and we cannot accept any liability for a products functioning

  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: https://www.sba.gov/sites/default/files/2021-01/Procedural%20Notice%205000-20079%207a%20and%20504%20Section%201112%20Payment%20Extension-508.pdf

  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: https://www.sba.gov/sites/default/files/2021-01/Procedural%20Notice%205000-20079%207a%20and%20504%20Section%201112%20Payment%20Extension-508.pdf