An SBA online tool where a business answers a few questions and SBA sends a summary of interested lenders within two business days. It is not a loan request and promises no loan.
SBA describes Lender Match in four steps: describe your needs in as little as five minutes, get a summary of interested lenders two business days after you submit, talk to lenders and compare rates, terms and fees, then complete the lender’s own forms and paperwork. SBA says it is not a loan request and does not promise that any lender will respond or offer a loan.
SBA’s page suggests asking lenders about interest rates, minimum credit score, cash flow requirements and other qualifying factors, and about prepayment penalties, grace periods and whether the lender can demand full repayment of principal. Its readiness list names a business plan, the amount and use of funds, financial projections, collateral and industry experience, among other items.
Example of the timing SBA states: a request submitted on a Monday gets its summary of interested lenders by Wednesday. Whether any lender replies, and on what terms, is up to the lender.
How it shows up in the data here
Not in any public file. SBA does not publish who used Lender Match, which lenders responded or what came of it, so no loan record links to it. This site is not part of it. SBA says more than 800 lenders take part across all 50 states and U.S. territories; all offer SBA loans and many also offer conventional loans.
Go further
- A bank said no: three questions: Who has made SBA loans like yours, from public records. Nothing is saved.
- SBA 7(a) lenders
- What to do after a bank says no to a business loan: One bank's no is one lender's answer, and the reasons are yours to ask for. They usually point to a constraint you can name.
Related terms
- SBA 7(a) loan: SBA's main business loan program. A lender makes the loan and SBA guarantees part of it: up to 85 percent of $150,000 or less and 75 percent of more, on loans up to $5,000,000.
- Credit elsewhere test (SBA): SBA's rule that a loan is eligible only if the business cannot get some or all of the money on reasonable terms elsewhere. The lender must certify it and explain why in its credit memo.
Sources
- SBA Lender Match, retrieved .
Plain definitions for orientation, not legal, tax or credit advice. A lender's own policy decides what it will do.