SBA rolls out new tool to connect small businesses and lenders

Written on Oct 13, 2017

The U.S. Small Business Administration has launched Lender Match, the SBA’s online referral tool connecting small business borrowers with participating SBA lenders. Lender Match is an upgrade to LINC (Leveraging Information and Networks to access Capital), introduced as a pilot in 2015.

Lender Match brings together entrepreneurs and SBA lenders to help increase access to capital. It is an upgrade from LINC in its function, design and user experience, making it easier for entrepreneurs to use and connect with potential lenders.

The free online tool allows small business owners to fill out a quick online form, without registration, and then connects them with lenders within 48 hours. There are now fewer, more relevant questions, and lenders are now able to better filter the referral they are sent resulting in more viable matches. Lenders can now optimize their search criteria to identify specific types of borrower referrals for particular lines of business or specialized financing.

After lenders have reviewed the information submitted to them by entrepreneurs, those who express interest in the loan will respond within two days. In addition, borrowers will also receive counseling information and resources from the SBA within their local area.

Lender Match is available to all SBA 7(a) and 504 lenders nationwide, including nonprofit lenders that offer free financial advice and specialize in micro lending, loans in SBA’s Community Advantage program, and the SBA’s CDC/504 loan program. It is important to note that you must be an approved SBA lender in good standing to receive borrower referrals.

Lender Match follows the SBA’s new digital media design with its clean and modern look, refreshed for easy use. It also contains a checklist of items for borrowers before talking to lenders that includes a business plan, credit history, collateral and financial projections that help to better understand the lending process. Prospective borrowers can go to to get matched with any number of institutions and increase their access to capital.

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