October 3, 2017
By Bob Coleman
Editor, SBA Hot Topic Tuesday
SBA Hot Topic Tuesday — SBA Upgrades LINC to Lender Match
“The SBA’s mission to help small businesses grow, create jobs and help our economy thrive is strengthened by the new Lender Match tool. It essentially serves as a matchmaker, making it easier for small businesses to find lenders,” SBA Administrator Linda McMahon says. “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.”
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. There are fewer borrower questions and lenders are able to better filter the referral they are sent resulting in more viable matches.
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.
In addition, borrowers will also receive counseling information and resources from the SBA within their local area.
To date, LINC has made more than two million lender referrals, and lenders have followed up with more than 70,000 referrals, connecting potential small business borrowers to capital.
Access Lender Match through your Capital Access Financial System Dashboard