Case Study: Main Street Bank achieves rapid PPP processing — handles nearly 500 loans in 5 days with Abrigo's Sageworks SBA Lending Solution

Main Street Bank Handles Nearly 500 PPP Loans in 5 Days Using Abrigo’s Sageworks SBA Lending Solution

Main Street Bank, a $1 billion mutual community bank serving MetroWest and North Central Massachusetts, faced a sudden surge of paper Paycheck Protection Program (PPP) applications after the CARES Act launched and needed a fast, reliable way to process loans. The bank turned to Abrigo after learning the vendor had adapted its Sageworks SBA Lending solution for PPP, providing an out-of-the-box option to automate and centralize applications.

Abrigo’s Sageworks SBA Lending solution was implemented in three days with minimal configuration, and its centralized application and ongoing vendor support let Main Street Bank organize workflows and scale staffing roles quickly. The result: the bank processed nearly 500 PPP loans within five days of implementation, dramatically speeding funding to local businesses and keeping operations efficient during a chaotic launch.

Main Street Bank

Chris Berglund

Chief Lending Officer