​Paycheck Protection Program (PPP) Forgiveness and Administration Solution

Abrigo's Paycheck Protection Program (PPP) Forgiveness and Administration solution, part of the Sageworks SBA Lending solution, to aid MBA member banks in streamlining the loan forgiveness and administration process. 

Banks funding Paycheck Protection Program (PPP) loans have come to the aid of their communities as they deal with the effects of the coronavirus. Now, lenders are looking for partners to assist them in the next phase of the program: forgiveness and reporting.

Key Features of the Solution

• ​​ Dashboard of existing PPP loans with critical info
• Secure portal for borrowers to upload UoP documentation
• Loan Forgiveness Calculator
• Transmit data to SBA based on guidance
• Communication with borrowers about approval | denial of forgiveness request
• Award-winning support, training, implementation, and resources along the way  
• Generate required documentation for auditability​​

Key Benefits of the Solution

• ​​Increase efficiency and speed of the PPP loan forgiveness process  
• ​Help borrowers quickly and conveniently meet forgiveness application requirements 
• Accurately calculate forgiveness and apply PPP guidelines 
• Produce PPP-specific dashboards and reports 
• Reduce workload for loan officers, giving them time to focus on other opportunities for growth 
• Automate the collection and submission of required data and documents

​"Abrigo has been an excellent partner in the processing and management of PPP loan applications, allowing First United to extend support and assistance to hundreds of impacted small businesses in our communities...As we turn toward the loan forgiveness stage of PPP, we have no doubt that the Abrigo solution and team will continue to assist us in managing this effort throughout this challenging time." 
Julie Peterson, VP, Director of Credit Administration & Lending Risk, First United Bank & Trust

​Discounted Pricing

​​Maryland Bankers Association member banks will receive discounted pricing of up to 50% for Abrigo's PPP Forgiveness and Administration solution through the Association. 

Contact Information

​For more information, please contact Abrigo's Laura Wahl (984-242-2711). 

MBA Solutions Channel