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Lending & Credit Risk SBA Lending

SBA Lending – What’s Going On and How Abrigo Can Help

On March 27, President Trump signed the historic $2 trillion coronavirus bill into law. The bill includes a $349 billion expansion of the Small Business Administration (SBA) 7(a) lending program. The expanded program widens the pool of businesses eligible for SBA 7(a) lending, and financial institutions should begin preparing for an influx of applicants now.
Notoriously known for being a labor-intensive and inefficient process, SBA 7(a) lending is often overlooked at community financial institutions. However, with Sageworks SBA Lending, you can streamline your underwriting with less data entry and an E-Tran integration, reducing bottlenecks and siloed data for you and your team. And with relaxed standards and increase guarantees being offered from the SBA, all community financial institutions are encouraged to take advantage of the additional funding available.

Join to learn: 

  • How the SBA 7(a) lending process is changing in light of the new legislation
  • The general process institutions must use to participate in SBA 7(a) lending
  • How to streamline the SBA process with Sageworks SBA Lending Solution

SBA Lending – What’s Going On and How Abrigo Can Help

Meet Your Presenter

Nolan Gesher

Vice President – Client Services
Nolan Gesher is Vice President – Client Services at Abrigo, where he leverages his extensive background in financial technology sales, enablement, and product management to help customers be successful. Nolan has a proven track record of leading financial institutions to drive growth, manage risk, and scale operations. He joined Abrigo,

Full Bio