SBA Lending – What’s Going On and How Abrigo Can Help

On March 27, President Trump signed the historic $2 trillion coronavirus bill into law. The bill includes a $349 billion expansion of the Small Business Administration (SBA) 7(a) lending program. The expanded program widens the pool of businesses eligible for SBA 7(a) lending, and financial institutions should begin preparing for an influx of applicants now.
Notoriously known for being a labor-intensive and inefficient process, SBA 7(a) lending is often overlooked at community financial institutions. However, with Sageworks SBA Lending, you can streamline your underwriting with less data entry and an E-Tran integration, reducing bottlenecks and siloed data for you and your team. And with relaxed standards and increase guarantees being offered from the SBA, all community financial institutions are encouraged to take advantage of the additional funding available.

Join to learn: 

  • How the SBA 7(a) lending process is changing in light of the new legislation
  • The general process institutions must use to participate in SBA 7(a) lending
  • How to streamline the SBA process with Sageworks SBA Lending Solution

Meet Your Presenters

Collier Wright

Collier is a Senior Solutions Consultant for Abrigo, where he works closely with financial institutions to implement cloud-based lending products, advise on process improvement and educate banks and credit unions on how to leverage technologies to enhance traditional workflows. Prior to joining the consultant team, Collier served as a Product Manager at Abrigo, focusing on improving customers’ experiences using our credit risk products. Collier earned his bachelor’s degree in history from Slippery Rock University of Pennsylvania. 

Full Bio

Nolan Gesher

Nolan serves as Vice President – Client Services at Abrigo, where he brings an extensive background in the financial technology market. Nolan has a proven track record of helping financial institutions drive growth and manage risk as well as providing enablement, support, and leadership to help our customers be successful. Nolan earned his bachelor’s degree from the University of Delaware and his MBA from Rutgers University.

Full Bio

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