ceo vista bank - john steinmetz's 6 tips for sustaining small business during covid-19

Post on 23-Oct-2020

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John Steinmetz, CEO Vista Bank, provides the most useful insights based on his experience, for small businesses to navigate through one of the most toughest economically challenging times of COVID-19.

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Sustaining throughprolonged COVID-196 Tips for Your Small Business to Survive Our MaskedEconomy

VISTA BANK CEO, JOHNSTEINMETZ

2020 - A challenging year MOST IMPORTANT TIPS

PPP ForgivenessPPP Round TwoMain Street Lending ProgramCash is KingPivotCommunicate with Your Creditors

Tough times for businessesHOW CAN THE LEADERS ACT?

John Steinmetz explains how leaders should help their team andclient base navigate these times of great unrest and uncertainty

PPP ForgivenessIF YOUR COMPANY TOOK OUT APPP LOAN, DON’T WAIT TO PAY ITOFF

Your bank should have a plan in place, so reach outto them sooner rather than later and get started.

PPP Round TwoSET SOME GOOGLE ALERTS ORNOTIFICATIONS FROM CNBC OR THE WALLSTREET JOURNAL

Prepare your business for the possible second round of assitance

Main StreetLending ProgramA VIABLE ALTERNATIVE

Vista Bank is a participant but If your bank is notparticipating in the Main Street Lending Program,speak with a bank that is.

Cash is KingCUT UNNECESSARY EXPENSES

Take all the necessary measures, including pay andbonus cuts, including yourself as a leader, to giveyour company a fighting chance.

PivotBE CREATIVE

Find innovative ways to solve the problems of yourexisting and new customers.

Communicate with YourCreditorsA CRITICAL REQUIREMENT

If they see you cutting expenses and paying everything youcan, they are more likely to work with you towards yourultimate success.

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