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SBA LINC DemonstrationUS Small Business Administration
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LINC Leveraging Information &
Networks to access Capital What is it?
An online referral tool to connect small business borrowers with nonprofit lenders from the Microloan, Community Advantage (CA) , & 504 Programs
Prospective borrowers complete an online questionnaire
What are the parameters for referrals? Borrower’s county – Questionnaire
responses are forwarded simultaneously to all of the LINC Lenders operating within a particular county
Who is Participating? 150 Lenders (and counting!) Represent all 50 states, DC, & PR Account for more than 60% of loans
made in the Microloan, CA, and 504 Programs2
Borrower Inquiry
• Web Submission• R
equires SBA.gov registration
• Only one submission/day
Lender –
Opt In
• Email Notification• L
enders have currently have 48 hours to Opt In or Opt Out;
• Will change to 2 Business Days
Lender Receive
s Contact
Info
• Email Notification• W
ithin 48 hrs of Borrower Inquiry
Borrower
Receives
Contact Info
Borrower Questionnaire
1: Please check your email that is associated with your SBA.gov account for a security code and enter it here. This will allow us to verify account ownership
2: Legal Business Name 3: Business Zip Code 4: Zip + 4 5: Contact First Name 6: Contact Last Name
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Borrower Questionnaire
7: Contact Email Address 8: Confirm Contact Email Address 9: Contact Phone Number 10: How many years has the business been in
existence? 11: How many employees does the business
have? 12: What is the estimated annual revenue? 13: Is the Business a for-profit business? 14: What is the business type? 15: What is the total amount of financing that
you are seeking? 5
Borrower Questionnaire
16: How will you use the money? 17: Is collateral available to support the loan? 18: Are you interested in receiving business
advisory services (technical assistance)? 19: Do you have a written business plan? 20:Have you applied for a loan with another
financial institution 21: Please provide a description of the current
status of the business highlighting the reasons why you need financing.
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Initial Lender Notification
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• Lenders receive an email within one hour of a borrower inquiry
• Lenders identify from which counties they would like to receive referrals
• “Opt Out” of loans that exceed your programs’ maximum loan size or do not meet your use of proceeds tests
Lender Confirmation – Opt-In
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Lender Receives Contact Information
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Lenders will only receive borrower contact information if they Opt-In
Borrower Receives Lender Contact Information
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Lender Confirmation – Opt-out
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“Unmatched” Borrowers - Training Resources
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LINC: How to Sign Up
LINC User Contacts Organizations may have more than 1 LINC Contact Contacts can identify same or different counties
How to Sign Up Email [email protected] the following
information: The name, title, email, and phone number for the
person(s) that will receive LINC referrals The counties for which you would like to receive
referrals Questions? Contact Jamie at (202) – 205-7516
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504 Prospects
Apps in Process
Turndowns
CA Prospects
Opt In
Opt Out
Total
0 10 20 30 40 50 60 70
1
3
4
13
21
41
62
SBA LINC Lender Notification Stats
66%34%
Opt OutOpt In
5% 14%
19%62
%
504 ProspectsApps in ProcessTurndownsCA Prospects
LINC
If interested in joining SBA LINC or making changes to your LINC account, please email [email protected] the following information:
The name, title, email, and phone number for the person(s) that will receive LINC referrals
The counties for which you would like to receive referrals
Jamie Davenport
Chief, Community Advantage Division
Office of Economic Opportunity
(202) 205-7516
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