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SBA Tool for Small Businesses to Connect with CDFIs, Small Asset Lenders participating in PPP

Release Date:
Friday, June 19, 2020
Release Number:
20-50
Contact:
Press_Office@sba.gov, (202) 205-7036

WASHINGTON – Today, U.S. Small Business Administration Administrator Jovita Carranza announced the launch of a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders, as well as traditional smaller asset size lenders in the Paycheck Protection Program (PPP).

SBA’s Lender Match is an additional resource for pandemic-affected small businesses who have not applied for or received an approved PPP loan to connect with lenders.  The forgivable PPP loan is emergency relief assistance aimed at sustaining businesses and keeping employees on payroll.  Lender Match does not accept Economic Injury Disaster Loan applications.

Read full press release at SBA.gov https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-rolls-out-dedicated-tool-small-businesses-connect-cdfis-small-asset-lenders-participating-ppp

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Contact Washington SBDC

washington@wsbdc.org

(833) 492-7232

The Washington Small Business Development Center, hosted by Washington State University, is an accredited member of America's SBDC. Funded in part throurgh a coppperative agreement with the U.S. Small Business Administration, institutions of higher education, economic development organizations and other public and private funding partners.