In the search for loan growth, financial institutions may look to SBA loans (U.S. Small Business Administration-guaranteed loans) as a new product. For institutions that already offer SBA lending and to those that are new to SBA lending, the SBA loan process can be challenging. Lengthy documentation and form requirements often create siloed systems, redundant data entry, and unnecessary bottlenecks. Without the right tools, it can be an operational challenge.
Support for Small Business Lending
SBA Loan Digital Application Solution
Streamline the SBA origination process
To minimize these challenges, Abrigo offers an SBA 7(a) lending solution that streamlines the underwriting process and allows the institution to decision SBA loans in the same platform as other loan or product types. Management will have greater visibility across the portfolio, and the SBA team can make smart decisions fast. Bringing SBA loans in line with your normal loan processing efficiency standards.
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“The Sageworks SBA Lending product promotes efficiency by creating the required 1919 and 1920 PDF forms, and promotes accuracy by using the interface with E-Tran,”
- Tareasa Harrell, Managing Director of Government Guaranteed Lending
at Signature Bank of Georgia
read the success story
Learn how abrigo can help
- Tareasa Harrell, Managing Director of Government Guaranteed Lending
at Signature Bank of Georgia
A Market-Tested Solution
Benefits for institutions
Faster Process
Increasing efficiency and speed of SBA loan process
Increased Productivity
Eliminate duplicative data entry with E-Tran integration
Easier Management
Aggregate SBA, personal, and commercial loans on one platform
Generated Documents
Produce the required 1919 and 1920 pdf forms
“Being able to aggregate our consumer, commercial, and SBA loans on a single platform gives us a distinct advantage over our competition.”
Talk to someone
read success story
Adding efficiency to the loan process
Access to E-Tran
Integration with E-Tran via Sageworks API network
Includes Required Forms
Forms 1919 and 1920 for SBA loans
Streamline Data
Aggregates data within Sageworks into documents
Understand the CARES Act
What is the SBA Paycheck Protection Program?
The SBA Paycheck Protection Plan provides loans of up to $10 million that are 100% guaranteed by the SBA to encourage employers to retain employees or bring laid-off workers back on the payroll. This initiative is especially important to community financial institutions' mission to help their local communities.
Make sure your institution is ready. Abrigo has the resources you need.
GET CARES ACT RESOURCESWestern States Bank used our SBA Lending Solution for the Paycheck Protection Program
“We exported to E-Tran and received SBA approval for 318 loans totaling $26,712,263. Our customers have been pleased with the ease of the online application process as have our Lenders, who would not have been able to process as many applications had they been working with a paper based application and documentation process. The online product was a Godsend with bank lobbies being closed due to COVID-19. Thank you Abrigo!!!”
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