Redirect the stdin internal command from /dev/null:
svmatch $line </dev/null
Otherwise, svmatch can use stdin (which, of course, is a list of the remaining lines).
Another approach is to use a file descriptor other than the default value for stdin:
#!/bin/sh
while IFS= read -r line <&3; do
svmatch "$line"
done 3<svr_input
... bash, /bin/sh, ; , bash 4.1 , FD:
#!/bin/bash
while IFS= read -r -u "$fd_num" line; do
do-something-with "$line"
done {fd_num}<svr_input