TOPIC: Community Bank

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How Borrowers Qualify for Second-Draw PPP Loan | Infographic

Abrigo
With the SBA's Paycheck Protection Program portal open for second-draw loans starting today, I attached an infographic that helps lenders and borrowers understand how to apply and qualify for a second-draw loan. You can get more detail on this blog, too. I hope these are helpful! 

If your institution is interested in streamlining the PPP origination and/or forgiveness process, please let me know. We can have you up and running within 48 hours. You can email me directly at jill.cacic@abrigo.com or send me a direct message. 
PPP Lender Guidance Details How Borrowers Apply for a Second PPP Loan | Abrigo

PPP borrowers can take steps to prepare to apply for the next round of PPP loan, which includes an option for a second-draw PPP loan.

https://www.abrigo.com/blog/ppp-lender-guidance-apply-for-second-draw-ppp-loan/?utm_medium=social&utm_source=cbanc&utm_campaign=blog&utm_term=lending

Final-Collateral-PPP-Second-Draw-Eligibility

    How CDFIs Can Support Their Communities Through PPP | Free Webinar

    Abrigo
    Wednesday, January 13, 2021
    2:00 PM ET / 1:00 PM CT
    Register here

    Community Development Financial Institutions (CDFIs) have access to the next round of the Paycheck Protection Program (PPP) funding so how can you use this opportunity to support your mission and your communities?

    Join Abrigo and Optus Bank to hear how this South Carolina CDFI participated in the 2020 rounds of funding with the PPP and the impact they saw in their community.

    Join to learn:
    • Quick overview of the Paycheck Protection Program and how it’s changed
    • How this program will be unique for CDFI lenders
    • How PPP originated loans can be a lifeline to struggling businesses in your CDFI’s charter
    Save your seat!
    How CDFIs Can Support Their Communities Through PPP | A Success Story | Abrigo

    Join Abrigo and Optus Bank, a CDFI, to hear how they supported their local business community through the Paycheck Protection Program (PPP).

    https://www.abrigo.com/webinars/cdfi-support-community-ppp/?utm_medium=social&utm_source=cbanc&utm_campaign=webinar&utm_term=lending