On this podcast, CLOUSER and his guests, Richard Glassman, an executive with a regional west coast based bank, and Gary Furr a business advisor discuss current issues in the business world. Listen as both guest share their recent experiences with clients that were affected by the pandemic. Guests share how their business owner clients adapted and made crucial changes to their operations. The group discusses the PPP funding and its process and the positive impact it has had for businesses. Hear from a lender’s perspective on how quickly banks adapted to a quick funding facility provided by the SBA and structurally the bank had to adapt to handle the applications. Listen to find what role having a good and open communication type of relationship played with the initial funding, and how banks assisted non-client applications. The group discusses the importance of a business to have ample cash reserves and working capital. Glassman and Furr discuss why business owners and management should have an understanding and be able to communicate what their financials statements are showing.
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