Case Study: Unity Bank achieves rapid PPP loan funding for small businesses with Abrigo SBA Lending

Unity Bank secures $130 million and nearly 1,000 PPP loans with Abrigo

Unity Bank, a financial institution serving New Jersey and Pennsylvania, needed to expand its business funding options with new technology without sacrificing its personalized customer experience. To meet this challenge, the bank partnered with vendor Abrigo and implemented its SBA Lending solution.

The solution from Abrigo automated the underwriting process for the Paycheck Protection Program (PPP), which proved critical during the COVID-19 crisis. As a result, Unity Bank was able to secure $130 million in funding through nearly 1,000 loans for local small businesses, providing them with a vital lifeline. Abrigo's technology was essential to the bank's ability to process this high volume of loans quickly and efficiently.

Unity Bank