The main theme from our banking expert, Andrea Ehresman of 1st Source’s presentation was “Be Prepared.” Whether small business owners are thinking about financing options or information to explore with their banker, Andrea’s presentation outlined various options to consider when navigating our current unprecedented times.

A big component of Andrea’s webinar was how small business owners need to develop and have a relationship with a local bank. This point was made previously by Gus Wheeler, our Accounting/Finance expert, but was driven home by Andrea through examples of how a banking representative can help small business owners better receive funds that they applied for (like PPP).

Looking back at Andrea’s webinar, one thing that feels important for viewers to take note of is that various loans and lines of credit options are still available, but may look different than they did prior to COVID-19. Andrea helped us better understand how to find and select preferred lenders and seek additional financial resources. Andrea can be reached for more information at www.1stsourcebank.com

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