Case Study: Main Street Bank processes nearly 500 PPP loans in 5 days with Abrigo’s Sageworks SBA Lending Solution

Main Street Bank handles nearly 500 PPP loans in 5 days with Abrigo

Main Street Bank faced the challenge of processing a flood of Paycheck Protection Program (PPP) loan applications from small businesses immediately following the CARES Act. With continuous updates to the program and a lack of an automated solution, the bank was inundated with paper applications and needed to act quickly to support its community. They turned to Abrigo and its Sageworks SBA Lending solution to manage the process.

Abrigo implemented its solution for Main Street Bank in just three days, requiring minimal configuration. This allowed the bank to centralize and streamline its application process. As a result, Main Street Bank was able to handle nearly 500 PPP loans within just five days of the solution's implementation, efficiently getting critical capital to local small businesses.

Main Street Bank