Having a strong relationship with a bank is crucial for businesses even in good times, but the uncertainty of the COVID-19 situation has reinforced the importance of an effective financial institution.
Most recently, the Paycheck Protection Program demonstrated the critical role that a personal relationship with a banker plays, said panelists in a webinar last week hosted by Anchin Accountants and Advisers. Contractors with longstanding partnerships with banks were able to get approved for PPP funds quickly.
