SBA launches tool to match underserved borrowers with PPP lenders

June 22, 2020

By Jeff Drew, Journal of Accountancy

With time running out for eligible entities to apply for Paycheck Protection Program (PPP) loans, the U.S. Small Business Administration announced Friday that it has revived its Lender Match online tool to help underserved and disadvantaged small businesses connect with PPP lenders.

In a news release, the SBA described Lender Match as an additional resource for “pandemic-affected small businesses who have not applied for or received an approved PPP loan to connect with lenders.” The SBA also has asked its lender network to prioritize underserved borrowers such as socially and economically disadvantaged individuals, military veterans and their spouses, women, and rural communities.

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