Georgia State of the Sun Belt entered the bowl with an overall record of 5–4 (4–4 in conference play).
Western Kentucky
Western Kentucky of C-USA entered the bowl with a record of 5–6 (4–3 in conference play). They are one of a limited number of teams to enter a bowl game with a losing record.
^@JMacDonaldSport (December 26, 2020). "Cornelious Brown is the LendingTree Bowl MVP, Destin Coates is the Offensive MVP, Jontrey Hunter was the Defensive MVP and Noel Ruiz was the Special Teams MVP" (Tweet). Retrieved December 26, 2020 – via Twitter.
^"ESPN Game Summary - Western Kentucky vs. Georgia State - December 26, 2020". ESPN.com. Retrieved December 26, 2020.
^Austro, Ben (December 23, 2020). "2020-21 bowl officiating assignments". footballzebras.com. Retrieved December 30, 2020.
^"College Football Bowl Schedule | 2020". FBSchedules.com. Retrieved October 30, 2020.
^Stephenson, Creg (December 13, 2020). "LendingTree Bowl to feature Georgia State, Western Kentucky". AL.com. Retrieved December 13, 2020.
^"Winsipedia - Georgia State Panthers vs. Western Kentucky Hilltoppers football series history". Winsipedia. Retrieved December 13, 2020.