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Coronavirus Government Assistance Programs Information

SBA/PPP Updates & Resources

The VBA has developed this page of resources to help keep Virginia banks informed.

SBA/PPP Information & Key PPP Updates

SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15 and All Lenders on Tuesday, January 19
Lenders with $1 Billion* or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on January 15 – Continuing Dedicated Access for Community-Based Lenders

*Please note that the $1B threshold is as of the 12/31/19 call report

Endorsed Provider Spotlight

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Abrigo

Abrigo

Abrigo is a leading technology provider of compliance, credit risk, lending, and asset/liability management solutions that community financial institutions use to manage risk and drive growth. By using Abrigo’s automated PPP loan origination system, with E-Tran integration, banks can quickly and efficiently serve their communities during a time of need. Abrigo’s automated PPP loan forgiveness workflow provides banks with software to manage the full lifecycle of the PPP loan, so banks can spend less time dealing with manual processes and more time helping their small business borrowers.

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Women in Banking Conference Attendee

“You have to experience the environment for yourself in order to receive the full benefit. It is my desire for every woman to be able to attend and leave with the sense of community & empowerment that is developed and created by this conference.”

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Women in Banking Conference Attendee

“It’s rare, in our industry, that you have a group full of women together to network and grow our careers – you can’t help but feel empowered in that room and when you leave.”

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VBA Leadership Conference Attendee

“The VBA is very passionate about the next generation of leaders in Virginia banks. It is refreshing to have an organization that prides itself on taking such an interest in so many future leaders.”

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VBA Leadership Conference Attendee

“Every time I leave a VBA event, I am excited to come back to work and share what I’ve learned. Even if my bank can’t send me in the future, I see it as something I would pay for because it would be an investment in myself. I’m hoping next year others can attend as well.”

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Back to School at the VBA Attendee

“This was a really great program with lots of good ideas on how to engage students of all ages. Love the teamwork and the different ways information was given to us made it more entertaining!”

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Emily Carder, 2020 VBA Bank Day Scholarship Program Statewide Winner

“My interactions with the bank are but one thread woven into the vast network of bank functions. Not merely a facility for lending and borrowing, banks are a hub for community growth. With small-business-friendly policies and generous lending programs, banks provide the stepping-stones for anyone to build their own financial success.”