PPP Forgiveness & Administration
Abrigo can help.
Banks funding Paycheck Protection Program (PPP) loans as part of the CARES act have come to the aid of their communities as they deal with the effects of the coronavirus. Now, banks are shifting gears, and looking ahead to the forgiveness and administration of these loans.
Abrigo has helped more than 275 financial institutions fund over $13 billion in PPP loans. Banks that are not currently leveraging Abrigo can start leveraging the PPP Forgiveness & Administration solution in less than 48 hours.
Key Features of the Solution:
- Dashboard of existing PPP loans with critical info
- Loan forgiveness calculator
- Transmit data to SBA based on guidance
- Secure portal for borrowers to upload UoP documentation
- Communication with borrowers about approval / denial of forgiveness request
- Generate required documentation for auditability
- Award-winning support, training, implementation, and resources along the way