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SBA tool connects small biz with PPP lenders


The SBA launched an online tool to match small businesses and nonprofits with smaller-asset Paycheck Protection Program lenders.

June 22, 2020 / By ICBA

The SBA launched an online tool to match small businesses and nonprofits with smaller-asset Paycheck Protection Program lenders.

SBA’s Lender Match tool is for small businesses affected by the COVID-19 pandemic that have not applied for or received an approved PPP loan. Leads will be forwarded to lenders with less than $10 billion in assets until the PPP ends on June 30.

Questions on submitting 1502 reports can be directed to SBA's Fiscal and Transfer Agent, Colson Services Corp., at info@colsonservices.com or 877-245-6159. Additional guidance and resources are available on Treasury’s PPP webpage and ICBA's COVID-19 resource center.

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