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2021 PPP Readiness with Abrigo

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PPP Resources for Financial Institutions

Guidance for the SBA Paycheck Protection Program

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 Small Business Administration.

NEW ABRIGO RESOURCES      New SBA Resources

The PPP Landscape

Financial institutions have helped small businesses access nearly $800 billion in funding through the SBA's Paycheck Protection Program (PPP) since the CARES Act was passed. 

Abrigo has been a critical PPP partner to lenders since the beginning and can help you support your communities in this time of need. As we demonstrated in early 2020, we adapt our technology to an ever-changing regulatory environment and keep you informed of all the landscape changes.

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Latest PPP Lender Resources

Abrigo blog

PPP Temporarily Closing to Firms With 20+ Employees

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Detecting PPP Fraud: Optimizing Your AML Solution

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Abrigo blog

First Draw PPP Loan Increases: 5 Borrowers Who May Be Eligible

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As Anti-Fraud Efforts Continue, Borrowers & Lenders Face Challenges

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Abrigo whitepaper

Abrigo Helps CFIs Secure More Than $6B in PPP Loans in 2021

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abrigo blog

Updated PPP Forgiveness Forms, Guidance Issued

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Helping 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
Automate the PPP application process with a digital application.

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Abrigo SBA Lending Solution handles PPP loans for small businesses

Financial institution customers of Abrigo's SBA Lending Solution have handled over 545,000 loan applications through the Small Business Administration’s Paycheck Protection Program (PPP) since April 3, 2020. Separately, lenders using Abrigo’s solutions have so far helped borrowers receive SBA forgiveness for PPP loans totaling $40 billion.

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.

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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.

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PPP Reporting & 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.

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“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

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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.

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More PPP Origination Resources

More Resources on PPP Forgiveness and Administration

Latest Guidance

SBA and Treasury Resources

"It was a lifesaver. We are so grateful for this system."

Deborah Barstow, Senior Vice President | Enterprise Bank & Trust

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Abrigo SBA Lending Solution

Reduce inefficient, manual processes involved in the SBA 7(a) lending process through the Abrigo solution. With streamlined underwriting and an E-Tran integration, our solution allows financial institutions to ramp up their SBA 7(a) lending efforts to support small businesses struggling due to the coronavirus. 

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Abrigo's Top PPP Resources

loan and deposit pricing

Paycheck Protection Program Forgiveness Checklist

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PPP Fraud Detection Checklist: Key Due Diligence Elements to Review

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Unity Bank | See why Abrigo was the 'perfect partner' to help maximize PPP impact

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Abrigo Blog

Digital Capabilities Adopted for PPP: The ‘New Best Practices’ For Strongest Players

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