Empower small businesses to grow and communities to thrive
Abrigo Small Business Lending gives your customers a modern banking experience and speeds up small business loan decisioning and closing processes — delivering the funds they need, faster. This frees up more time to build relationships with customers and profitably grow your small business loan portfolio.
There are over 33 million small businesses in the U.S., but only 42% receive adequate financing. Challenges like smaller loan amounts, limited financial history, and outdated processes impede lending to this market.
Abrigo Small Business Lending enables banks and credit unions to modernize processes, expand their small business portfolios, and support these vital enterprises with automation and AI.
With the help of Abrigo’s automation and workflow, we have been able to speed up our small business loan process. We are now able to get loan decisions within 24 hours and funding within 72 hours.
Jeremy Mays
Veritex Community Bank
We are excited about Abrigo’s small business lending solution because it marks a significant step towards full automation. With full automation we look forward to the efficiencies it will bring, allowing us to streamline processes, increase productivity and ultimately enhance our overall experience.
Dan Fowler
Capital City Bank
Helping financial institutions unlock productivity
Abrigo's small business loan origination software eliminates bottlenecks, utilizes alternative data sources, and transforms how you manage risks in your portfolio so you can expand your small business client base with confidence.
Leverage a digital application that can be pre-configured for information that your institution needs from small businesses, while delivering a great borrower experience.
Make customers’ document collection effortless by allowing them to upload items securely anytime and from anywhere.
Accelerate small business loan origination and closing with no-code configurable workflows and automated decisioning. A user-friendly interface and optional lender intervention empower you to balance speed and control with ease.
Assess borrowers using non-traditional metrics like projected cash flows, macroeconomic trends, diverse loan and industry data, and more with loan scoring powered by explainable AI.
Gather small business lending data seamlessly for 1071 reporting. With built-in data firewalls and permissioning features, our application collects required data to ensure non-biased lending and compliant reporting.
Monitor your portfolio of loans faster with an automated early warning detection system that proactively identifies emerging risks in your portfolio.
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Advantages of a small business loan origination system
Empower small businesses in your community to achieve their financial goals and deepen your borrower relationships with Abrigo's fully automated lending process. Streamline lending, build trust, and promote sustainable growth for your institution and customers.
Abrigo's small business lending solution helps banks and credit unions enhance client connections through a user-friendly loan application that simplifies document management and keeps borrowers informed, boosting engagement. Behind the scenes, configurable automation, a robust partner ecosystem, and AI streamlines the lending process, saving time and ensuring prompt delivery of funds to borrowers.
Improve processes with a partner ecosystem that provides:
As small businesses expand, strengthen relationships with borrowers through:
Your path to faster decisions and stronger relationships.
Get a demoImprove data collection and reporting
The CFPB’s small business data collection rule implementing Dodd-Frank 1071 is one of the most significant data gathering and reporting efforts by banks and credit unions in nearly 50 years. Feel confident that Abrigo can be your partner to ensure you are ready to tackle 1071 compliance.
With Abrigo's 1071 reporting capabilities, banks and credit unions will be able to collect all required data fields in a borrower-facing form, access pre-built reports, export for CFPB reporting purposes, and easily enforce firewalls limiting access to 1071 personal data as required.
find out more
CFPB 1071
Compliance deadlines for the CFPB 1071 final rule are tiered. Find out when you are scheduled to start collecting and reporting small business lending data.
Successful SMB lending program
Small business lending can generate crucial growth for a bank or credit union. Make sure you have these best practices to ensure safe, profitable loans.
SMB lending insights
This report is a snapshot of current trends and metrics that impact small business lending and financial institutions.
