The Small Business Administration has launched a first-of-its-kind tool on their website called LINC that will allow entrepreneurs looking for a small business loan to get matched with a SBA lender.

The Small Business Administration has launched a first-of-its-kind tool on our website that will allow entrepreneurs looking for a small business loan to get matched with a SBA lender. This new tool, called LINC (Leveraging Information and Networks to access Capital) will have small business owners fill out a simple online form of 20 questions and connect them with lenders within 48 hours. By directly connecting with prospective borrowers, the agency will be able to provide more guidance and ensure more capital is reaching our nation’s entrepreneurs.

After filling out the form, a borrower’s answers will be sent to every lender in that borrower’s county, as well as to other lenders with a regional or national reach. Once lenders have reviewed the information that matters most to them, they’ll respond within 48 hours, all this for no fees or commitment. This option will untether entrepreneurs from the one neighborhood bank, using technology to get their foot in the door at any number of institutions and improve their access to capital.

LINC will roll out in waves. It will begin by connecting small business owners with nonprofit lenders that offer free financial advice and specialize in micro lending, loans in our Community Advantage program, and real estate financing. In the longer-term, SBA will look to add more traditional banks that offer an even wider array of financial products.

For more information, please go to https://www.sba.gov/tools/linc.

March 12, 2015