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The U.S. Small Business Administration (SBA) has launched a new lending tool helping connect small businesses and lenders. The new tool, Lender Match, connects entrepreneurs to over 800 SBA lenders in an effort to increase access to capital. The program is an upgrade to LINC (Leveraging Information and Networks to access Capital), which was introduced as a pilot in 2015.
“The SBA’s mission to help small businesses grow, create jobs and help our economy thrive is strengthened by the new Lender Match tool,” stated SBA Administrator Linda McMahon. “It essentially serves as a matchmaker, making it easier for small businesses to find lenders. I want to help get more capital in the hands of small business owners and entrepreneurs, and I encourage them to tap into the SBA’s resources for start-up and growth solutions.”
Lender Match is free and connects small business owners with lenders within 48 hours of filling out a short online form, all without needing to register. With fewer questions and improved guidance on the loan application process, the tool has been streamlined for entrepreneurs’ convenience.
In a release, the SBA stated, “Lenders can now optimize their search criteria to identify specific types of borrower referrals for particular lines of business or specialized financing.” Lender Match is available to all SBA 7(a) and 504 lenders nationwide.
To learn more and to apply for a small business loan through the new online tool today, please, visit https://www.sba.gov/lendermatch.