Corporate Lending and Small Businesses - Credit Management Source

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Corporate Lending

Small Businesses

Main Street Lending Program Broadened to Attract More Lenders, Borrowers

Abrigo

JUNE 12, 2020

Banks will issue the loans to businesses, and then sell 95% of the loan back to the Fed. While the popular PPP loans were targeted specifically for small businesses with fewer than 500 employees, the MSLP aims to broaden the size of businesses eligible to receive relief funds. learn more.

Corporate Lending

Corporate Lending Transactions Small Businesses Credit Risk

Leverage New Bank Technology by Examining Current Processes, Pain Points

Abrigo

SEPTEMBER 9, 2019

Looking at the entire small business lending cycle, from loan request through approval to closing, technology can transform the business lending process from one that consumes 35 labor hours at a cost of $2,422 to one that takes 16 hours at a cost of just over $1,000, or less, according to Abrigo Vice President of Banking Neill LeCorgne.

Credit Risk

Credit Risk Corporate Lending CECL Credit Unions

Main Street Lending Program Broadened to Attract More Lenders, Borrowers

Leverage New Bank Technology by Examining Current Processes, Pain Points

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