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 $530 billion in funding for small businesses across the country.

Abrigo has armed financial institutions with the accurate and up-to-date information they need to succeed during this unprecedented time, from initial understanding of program details and originating PPP applications to now focusing on the forgiveness and administration process.

Helping Community Financial Institutions Throughout the Entire PPP Life of Loan

  • Becoming a PPP lender

  • Originating PPP loans

  • Navigating PPP loan forgiveness

  • Submitting 1502 reports

  • Reporting on your PPP portfolio

  • Ongoing PPP support and expertise

Abrigo is Here to Help
Paycheck Protection Program Origination, Forgiveness, and Reporting
Automate the process

Abrigo SBA Lending Solution now handles PPP loan applications for small businesses

Community financial institution customers of Abrigo's SBA Lending solution have handled over 115,000 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 both borrowers and lenders. Accurately calculate and apply PPP forgiveness guidelines with Abrigo's automated forgiveness solution.

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 48 hours.
Let's Work together

State Banking Associations Endorsements

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

Stay Up to Date

Abrigo's PPP Resources

Trending Resources

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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What the Coronavirus Has Taught Us About Banking Relationships
While CFIs have relied on relationship banking and face-to-face interactions, CFIs that embrace digital offerings, as they have for PPP, have proven that digitization can strengthen relationships and provide a competitive advantage going forward.

Learn More

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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Loan Workout Automation: Demo
Lenders in many markets will face a wave of negotiations and restructures to stabilize borrowers recovering from the coronavirus's impact. Learn how the tools you already have in place can make this process more efficient.

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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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