Case Study: Enterprise Bank & Trust streamlines PPP loan forgiveness and administration with Abrigo

Enterprise Bank & Trust processes thousands of PPP loans in 36 hours with Abrigo

The customer, Enterprise Bank & Trust, faced the significant challenge of manually processing and submitting a high volume of Paycheck Protection Program (PPP) loan applications to the SBA's E-Tran portal, a time-consuming process that took 13 days for 1,500 loans during the first funding round. To improve efficiency for the second round and the subsequent forgiveness phase, the bank partnered with vendor Abrigo to implement its Sageworks SBA Lending solution.

The Abrigo solution provided an automated, E-Tran-integrated platform that dramatically streamlined the submission process. This allowed Enterprise Bank & Trust to process and submit thousands of PPP loans in just 36 hours during the second round, a massive improvement over their previous manual method. The solution also included tools for the upcoming forgiveness stage, such as a loan forgiveness calculator and a secure client portal. Abrigo's implementation support and IT assistance were critical to this successful and rapid deployment.

Enterprise Bank & Trust