Bankers to the rescue
Lenders say relationships key to helping small businesses survive pandemic’s economic worst. With rules in constant flux for the SBA program, lenders burned the midnight oil to learn how to get funds to clients.
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Lenders say relationships key to helping small businesses survive pandemic’s economic worst. With rules in constant flux for the SBA program, lenders burned the midnight oil to learn how to get funds to clients.
Northwest Indiana businesses found ways to adapt during COVID-19 virus shelter-in-place orders, and kept up with increased demand for shields and other protective supplies. Many companies also made changes to keep employees and customers safe.
Experts say clients are concerned about the health insurance renewal process that will hinge on flexibility in plans and care options. Companies must think outside the box to make more informed decisions and avoid getting blindsided.
Northwest Indiana companies expect growth in overseas business with improved infrastructure and the help of state grants. In 2018, Indiana exported a record $39.3 billion of made-in-America goods to the world, according to the Office of the U.S. Trade Representative.
Leaders help communities cope with cancellations of large gatherings, including festivals, but also find alternatives to bringing people together. Organizers of Pierogi Fest, among others, say the uncertainty of the pandemic led to their decisions.
Natalie Shrader, a partner at Burke Costanza & Carberry LLP, offers guidance on the law and keeping workers safe during a crisis. She says having a plan is key to navigating this crisis.
HR professional Cyndi Harbin says companies should create action plans for keeping employees safe as they return to the office from shelter-in-place orders.
Tim Anderson, principal at the Schererville office of CliftonLarsonAllen, says businesses are seeking financial experts to help navigate pandemic response programs and forecast the rest of 2020.