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. We at the OBA have received quite a few requests from our member banks for a recommendation on a Forgiveness & Reporting software provider to not have to do the process manually (whether 100 or 1,000 funded PPP loans), and ensure it’s actually done right. We our recommending the solution Abrigo (Sageworks) provides. Abrigo is a strategic member of the Association, demonstrating a commitment to the industry and state.
Abrigo and the OBA together are having a special demonstration just for members of the OBA on Monday, June 15 at 2pm CT to see how the automation and technology can play a key role in helping our member banks manage the forgiveness process. Recorded link: https://abrigo.wistia.com/medias/hwvrrlsc47
You will see:
- How the system creates dashboards and reports of existing PPP loans
- Secure portal for borrowers to upload UoP documentation
- Loan forgiveness calculator and more
Contact: Laura Wahl
Mobile: (919) 906-5649