Case Study: Community Bank of the Bay speeds PPP lending and boosts community access with Abrigo

Community Bank of the Bay processes 390 PPP loans totaling $81 million with Abrigo

The customer, Community Bank of the Bay, a CDFI in California, was eager to participate in new rounds of the Paycheck Protection Program (PPP) but needed an efficient way to manage high application volumes and complex, changing requirements. To meet this challenge, the bank partnered with Abrigo and implemented its SBA Lending Solution.

Abrigo's solution automated the underwriting process, ported existing client data for faster applications, and was quickly updated to ensure compliance. This allowed Community Bank of the Bay to process applications with greater speed and accuracy. The results were significant, as the bank helped secure 390 loans totaling approximately $81 million during the first rounds of PPP, aiding local businesses and gaining many new long-term clients in the process.

Community Bank of the Bay