Case Study

Enterprise Bank & Trust: PPP Loan Forgiveness & Administration with Abrigo Continues Great Partnership

Enterprise Bank & Trust: PPP Loan Forgiveness & Administration with Abrigo Continues Great Partnership

Pages 3 Pages

abrigo.com For most financial institutions, the Paycheck Protection Program (PPP) has meant a mad dash to ramp up resources in time to accept and process applications from community businesses that desperately need the loans from the Small Business Administration (SBA) in order to survive the economic effects of the coronavirus. As the second round of PPP funding winds down, many lenders turn their focus to the next steps of the program: Help borrowers apply to have their loans forgiven and track loan reporting. Deborah Barstow, Senior Vice President of Enterprise Bank & Trust, looks forward to a much smoother process during the forgiveness stage, thanks to the Clayton, Missouri- headquartered bank’s recent partnership with Abrigo and its Sageworks SBA Lending solution. “It w

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