CARES Act and Paycheck Protection Program Details

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Navigating the CARES Act

Guidance for the SBA Paycheck Protection Program

Resources for Financial
Institutions

More than 5,000 financial institutions have participated in the Small Business Administration's Paycheck Protection Program (PPP) since it launched on April 3, providing over $521 billion in funding for small businesses across the country.

Abrigo has been a leading source of information and assistance for financial institutions on the PPP, helping them as they originated loans in their communities. Abrigo also helps PPP lenders process and handle reporting on borrowers' loan forgiveness applications and submit PPP forgiveness requests to the SBA.

Helping Community Financial Institutions Throughout the Entire Life of PPP Loans

  • Originating PPP loans

  • Navigating PPP loan forgiveness

  • Submitting 1502 reports

  • Submitting PPP forgiveness requests to SBA

  • Reporting on your PPP portfolio

  • Ongoing PPP support and expertise

Abrigo is Here to Help
Submitting PPP Forgiveness Requests to SBA & 1502 Reporting
Automate the process

Abrigo SBA Lending Solution handles PPP loans for small businesses

Community financial institution customers of Abrigo's SBA Lending Solution have handled over 137,000 loan applications through the Small Business Administration’s Paycheck Protection Program (PPP) since April 3.

Latest Guidance
from the Treasury and SBA

“Because the information seems to be constantly changing, it’s reassuring to be working with a partner that is not only staying on top of the changes but is also collaborating with other banks to make the right solution.

Brett Dutcher, Sr. Information Technology Manager, Greenstone Farm Credit Services
Partner with Abrigo Today

3 Steps to Participate in the Paycheck Protection Program

PPP Origination

Automate the origination process to get capital into the hands of small business owners quickly. Abrigo can digitize lending through online loan applications, E-Tran integration, e-sign capabilities, and more.

PPP Forgiveness

Loan forgiveness is a key draw to the PPP for borrowers and lenders. Accurately calculate and apply PPP forgiveness guidelines with Abrigo's automated forgiveness solution. Submit forgiveness requests to the SBA.

PPP Reporting and Administration

Where are PPP loans in the pipeline? Abrigo's reporting and administration tools enable institutions to produce specific PPP dashboards and reports, as well as generate and submit 1502 reports.

Implement Abrigo's SBA Lending Solution within 3-5 days.
Let's Work together

State Banking Associations Endorsements

Multiple state banking associations have endorsed Abrigo’s Paycheck Protection Program (PPP) Forgiveness and Administration solution, part of the Sageworks SBA Lending Solution, to aid their member banks in streamlining the loan forgiveness and administration process. Learn more.

Stay Up-to-Date

Abrigo's PPP Resources

Trending PPP Resources

Paycheck Protection Program Forgiveness Checklist
To make the forgiveness process as smooth and efficient as possible, make sure borrowers understand the documents and information needed to apply.

Download Checklist

Digital Capabilities Adopted for PPP: The ‘New Best Practices’ For Strongest Players
Adoption of digitalization by FIs participating in PPP representing a turning point for those that embraced their capabilities, according to a new report from the Aite Group.

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Unity Bank: Partnering to Provide Community Solutions in Critical Times
See why Abrigo was the 'perfect partner' to help Unity Bank maximize its PPP impact, and learn how the partnership enabled the bank to secure $130 million in funding.

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5 Things For BSA Officers To Know in COVID-19
As BSA professionals manage working from home while trying to maintain compliance, it can be harder to stay on top of the unexpected. Here are five things BSA officers need to stay aware of.

Read now
It was a lifesaver. We are so grateful for this system.
Deborah Barstow, Senior Vice President | Enterprise Bank & Trust

Abrigo SBA Lending Solution

Reduce inefficient, manual processes involved in the SBA lending process through the Abrigo solution. With streamlined underwriting and an E-Tran integration, our solution allows financial institutions to ramp up their SBA lending efforts to support small businesses struggling due to the coronavirus. 

Explore Abrigo's SBA Lending Solution Today

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