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You are here: Home / News / SBA announces the Lender Match program that connects SMB owners to lenders

SBA announces the Lender Match program that connects SMB owners to lenders

January 5, 2023 by smbstar

Bank loan online banking

More than 800 lenders participate in the Lender Match program throughout all 50 states and U.S. territories. While all lenders who use Lender Match offer SBA-approved loans, many also offer conventional loans.

There are multiple benefits to getting loans from these SBA-backed lenders including:

  • Competitive terms: SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans.
  • Counseling and education: Some loans come with continued support to help you start and run your business.
  • Other benefits: Lower down payments, flexible overhead requirements, and no collateral needed for some loans.

How does it work?

You will fill up a form with a few questions to describe your requirement. You’ll receive an email with the contact information of interested lenders two business days after you submit the form. From there, you’ll start talking to lenders and completing applications. Some will reach out to you, and you’re welcome to contact them as well.

According to SBA, Lender Match doesn’t guarantee that you’ll get matched or be offered a loan. Lender Match isn’t a loan application — it’s a tool to help businesses find lenders in their communities.

Learn more about SBA’s loan programs here. If you need to talk to someone about Lender Match, you can contact SBA or email at lendermatch@sba.gov

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Filed Under: News Tagged With: loan, small business, SMB

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