SBA’s First Effort To Match Entrepreneurs & Lenders Is A Flop

Marc Prosser article from Forbes

February 16, 2015

The idea behind the Small Business Administration’s (SBA) recent initiative called “LINC” is a good one.  The SBA does not directly provide loans or advice to entrepreneurs. Visiting the SBA website can be a confusing and frustrating experience, because there is no direct way to apply for an SBA guaranteed loan, or set-up a business mentoring session from the website.  The “LINC” effort is designed to provide a bridge between those coming to the SBA’s website looking for services, and those delivering those services. Unfortunately, the effort is poorly executed.  Hopefully, the SBA will be able to improve the “LINC” program over time, which has the potential to greatly increase demand for SBA lending products and support the growth of small businesses across the United States.

Brayden McCarthy, who is Head of Policy & Advocacy at online loan marketplace Fundera and used to work at SBA, said, “The future of small business lending will be written online. I’m glad that the most trusted brand in small business lending recognizes this, and is taking steps to bring its products online.” Read more

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