Introducing Lender Match: Connecting You to Lenders Effortlessly

Lender Match is a convenient platform that connects you with lenders who are ready to meet your business needs. Here’s how it works:

1. Describe Your Needs: In just a few minutes, provide some information about your business through a quick questionnaire.
2. Get Matched in Two Days: Within two business days, you’ll receive an email containing the contact information of lenders who have expressed interest in providing you with a loan.
3. Talk to Lenders: Compare rates, terms, fees, and other important factors by engaging in conversations with the matched lenders.
4. Apply for a Loan: Once you’ve assessed your options, submit your loan applications and necessary paperwork. You’re now on the path to securing a business loan!

Get Ready

Before engaging with lenders, ensure you have the necessary elements in place. Here’s an abbreviated checklist to see if you’re prepared for a traditional SBA loan:

1. Business Plan: Most lenders expect a business plan for startup funding. If you haven’t created one, follow our free business plan guide.
2. Amount and Use of Funds: Understand how much capital you need and how it will contribute to your business. Note that SBA-approved loans cannot be used for real estate flipping.
3. Credit History: Lenders utilize credit scores to assess credit risk and determine interest rates. SBA assists in guaranteeing loans that may not otherwise qualify.
4. Financial Projections: Demonstrate your understanding of your business’s financials, how the funds will be utilized, and your loan repayment plans.
5. Collateral: Many lenders require collateral to secure the loan, such as a home, car, inventory, or other owned assets.
6. Industry Experience: While not mandatory, industry experience can boost confidence in your lender, showcasing your firsthand knowledge.

Details

Wondering what happens next? Here are some important details:

• After submitting the form, you will receive an email with contact information for interested lenders within two business days.
• Reach out to lenders and engage in conversations to complete applications. Some lenders may also proactively contact you.
• It’s important to note that Lender Match does not guarantee a loan offer. It is a tool designed to help businesses find lenders in their communities.

When speaking with lenders, be sure to inquire about interest rates, minimum credit scores, cash flow requirements, and other qualifying factors. Familiarize yourself with prepayment penalties, grace periods, and the lender’s terms for loan principal repayment.

You may wonder why personal information is requested. The personally identifiable information you provide will be used to connect you with prospective SBA lenders. However, please note that registering and responding to the questionnaire does not guarantee eligibility for SBA-approved lenders.

Over 800 lenders participate in Lender Match across all 50 states and U.S. territories. While all participating lenders offer SBA-approved loans, many also provide conventional loans.

To delve deeper into loan programs, learn more about our offerings. For inquiries about Lender Match, don’t hesitate to contact us or email lendermatch@sba.gov.

Lender Match streamlines the process of finding the right lenders, empowering you to secure the financing your business needs.

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