Support for small businesses across America through access to trusted business service providers, PPP forgiveness servicing, and SBA loan solutions that help your business thrive. Haven't started forgiveness for PPP? Register your account here to enter the forgiveness process. We offer business owners access to trusted service providers, PPP forgiveness servicing, and SBA loan options.
In partnership with ACAP SME, LLC, our goal is to empower American business owners within our Business Services Marketplace, providing solutions to common business problems. In 1994 The Loan Source Inc. was approved, by the U.S. Small Business Administration ("SBA"), to acquire one of only 14 Small Business Lending Company ("SBLC") licenses.
In partnership with ACAP SME, LLC, our goal is to empower American business owners within our Business Services Marketplace, providing solutions to common business problems. In 1994 The Loan Source Inc. was approved, by the U.S. Small Business Administration ("SBA"), to acquire one of only 14 Small Business Lending Company ("SBLC") licenses.
Reviews (10)
Frances Roth
Sep 24, 2021
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I don't understand how anyone could post a positive review for the loan source. I ended up with them because Sterling bank sold our loan to this company. In addition to holding a negative view of this company, it also negatively colors my view of Sterling.
Explanation for my negative review: The "dashboard" still shows that we owe for the 1st PPP loan even though I received an e-mail after submitting the forgiveness application stating that we don't have to pay back the loan. I find this unsettling. The 2nd PPP loan isn't even on the dashboard yet preventing me from applying for forgiveness. As
Explanation for my negative review: The "dashboard" still shows that we owe for the 1st PPP loan even though I received an e-mail after submitting the forgiveness application stating that we don't have to pay back the loan. I find this unsettling. The 2nd PPP loan isn't even on the dashboard yet preventing me from applying for forgiveness. As
Jodi Harrison-Lee
Apr 30, 2021
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Warren Merguerian Dds
Apr 21, 2021
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I didn't realize that this loan could be forgiven, so I didn't apply.
My accountant informed me that my numbers for 2019 and 2020 were in line with the forgiveness criteria.
So I applied with less then a week remaining and loan source got me approved in 2 days and funded in 4 days; Amazing!!!!!
They knew what IRS forms and bank records I needed to forward to make this a seamless process.
I gave them what was needed to fit their researched criteria, so they didn't need to ask me for anything additional.
Thank You
My accountant informed me that my numbers for 2019 and 2020 were in line with the forgiveness criteria.
So I applied with less then a week remaining and loan source got me approved in 2 days and funded in 4 days; Amazing!!!!!
They knew what IRS forms and bank records I needed to forward to make this a seamless process.
I gave them what was needed to fit their researched criteria, so they didn't need to ask me for anything additional.
Thank You
Al Corona
Apr 16, 2021
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Positive: Professionalism, Responsiveness
We used Loan Source for both PPP Loan rounds. Loan Source did a great job helping us through the entire process. They were super responsive and funding was received quickly with no issues. Special shout out to Grace Waters who worked with us on our second round, she was a true professional and did an outstanding job. Thanks Grace!!
We used Loan Source for both PPP Loan rounds. Loan Source did a great job helping us through the entire process. They were super responsive and funding was received quickly with no issues. Special shout out to Grace Waters who worked with us on our second round, she was a true professional and did an outstanding job. Thanks Grace!!
K. Thompson
Apr 15, 2021
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The Loan Source was recommended through our accountant. Our first attempt to secure a PPP loan through another loan company was a disaster. There was no communication after we were told our application had been accepted. It took over 4 weeks to get any other communication. Completely different story with The Loan Source. The application process, review, approval, and deposit into the account was just under 20 days. We were informed every step of the way. We would highly recommend The Loan Source to other small businesses to keep employees paid and business afloat.
Kim Wasoski
Apr 15, 2021
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The forgiveness application on line was a breeze and my loan forgiven 100% in about a week. Applied for a PPP loan 2 and although it took awhile to get through to the SBA due to a code error, the support from staff was excellent. At different steps different people reached out to me via email and they transitioned to the next person seamlessly. Laura was amazing as she helped me navigate the code error and we figured out how to get the results needed. Once fixed, it was submitted to the SBA and approved and money in my account in about a week. A great team of people to work with. Thank you Laura
Tim Pawliczek
Mar 31, 2021
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Sylvia Imperatore
Mar 24, 2021
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Positive: Professionalism, Responsiveness
We applied for the PPP with Loan Source and even if it was simple to do, an employee reached to us to let us know that we uploaded a wrong document. They helped us to have everything right and we got our money fast. Very good service. Very nice people. We were very happy to work with them.
We applied for the PPP with Loan Source and even if it was simple to do, an employee reached to us to let us know that we uploaded a wrong document. They helped us to have everything right and we got our money fast. Very good service. Very nice people. We were very happy to work with them.
Eric ScottP
Mar 20, 2021
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I had an experience worth noting. The rep, Maria, was extremely attentive/available throughout the loan process. We came to her company when our efforts with another outfit were coming to naught. She was very helpful, even as it looked like the other loan application would be processed, which is what happened. Clearly she cared about our getting funded, whether it was through her firm or the other one. This was extraordinary and in this day and age highly unusual.
Martha Cummings
Mar 11, 2021
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The entire process could not have been smoother, easier, or faster. The online portal was clear, aesthetically pleasing, and simple to navigate, and when there wasn't a way to designate that nonprofits do not have "owners," they did a quick workaround to accommodate that. We had personal correspondence with members of the team, and all communication was professional, friendly, caring, and prompt. Plus, the turnaround time on our approval was lightning fast. Before we knew it, funds were in our account. We are grateful for the process and our successful application. If we were guaranteed this quality
