Abrigo small business loan origination software allows banks and credit unions to eliminate duplicative data entry and other slow, error-prone processes, leading to faster decisions and increased profitability. The platform offers an AI powered lending decision engine that helps you grow while applying loan policies consistently.
Small business loan origination system
Create a profitable small business lending
process that scales.
With competition increasing, financial institutions need to differentiate themselves from the pack. With Abrigo’s small business loan origination system, staff have more time to focus on providing the best possible customer or member experience to more businesses because the fully digital end-to-end solution automates the entire lifecycle of the loan.
Features and functionality of small business loan origination system
Book SMB loans with greater speed and consistency.
Nearly 90 of 100 bankers surveyed recently by Abrigo said their institutions plan to increase small business lending or commercial loans this year. With Abrigo’s small business loan origination system and its modern application interface, banks and credit unions can easily attract small businesses while solving document-collection headaches and speeding deal turnaround.
Fast, smart decisions
The AI decision engine is embedded into the Abrigo loan origination software and provides real-time scorecards that include a loan risk rating score, probability of default, and details of how the score was calculated. Using dynamic models along with existing processes, institutions can improve their decision-making by incorporating an array of data sources and leveraging analytics to gain actionable insights.
Easily trackable workflows
Keep track of small business loans throughout the origination process with workflows and templates that align with your loan policy.
Easy document managementMake customers’ document collection effortless by allowing them to upload items securely anytime and from anywhere.
Sleek online loan application
Leverage an application that can be pre-configured for information that your institution needs from SMB applicants.
Offer better service and tracking of pipeline and prospecting activities with a central record of customer engagement.
Constant data and insights
Pave the way to insights on cross-sell opportunities, at-risk loans, and more using information within the system.
Advantages of a small business loan origination system
Transform your small business loan origination.
Small business owners want funds quickly and easily. However, many banks and credit unions don’t have a business loan origination system that can provide that experience. Abrigo’s small business lending automation means one system can offer a smooth borrower experience for multiple loan products on the front end with an easy-to-use process on the back end. The result? Faster turnaround, profitable deals.
Grow your small business portfolio
Connecting a user-friendly borrower experience with quick decisioning will allow your financial institution to put pressure on the competition and satisfy critical funding needs of these small businesses in your community.
End-to-end connected platform
Utilizing Abrigo’s small business lending software will let your staff focus on using one platform for the entire life-of-the-loan process. Benefits include less duplicative data entry, consistent decisioning, and a more efficient process.
Integrated Systems with Abrigo
A more efficient and streamlined SBA loan workflow.
Abrigo offers an SBA 7(a) lending solution that streamlines the underwriting process and allows the institution to decision SBA loans on 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.find out more
Resources on Lending
Small Business Lending is a Big Opportunity
Discover how traditional lending practices paired with digital lending can grow SMB market share.
Win More Deals: SMB Lending Best Practices
Learn how to source better lending opportunities and quickly determine the creditworthiness.