Our CEO Wendy Cai-Lee spoke with Christina Sjahli on Her CEO Journey podcast: Reinventing How Banking Works for Entrepreneurs – The Journey of Wendy Cai-Lee.
- My journey to build the first chartered bank in New York since 2008 (6:41)
- Piermont Bank holistic approach to serving its clients (9:06)
- Common struggles among women business owners (14:24)
- The key takeaway of Paycheck Protection Program (PPP) (19:46)
- Strong capital and cash position set Piermont Bank to actively offering more loans (24:02)
- The type of financing offers by Piermont Bank (25:43)
- The underwriting process to apply for financing at Piermont Bank (26:55)
- A list of questions business owners must answer before applying for financing (28:02)
- How a finance expert can help answer the questions raised by the bank (29:25)
- The type of communication a lender expects from a borrower during any crisis (31:25)
- Guiding a client to stress test the financial situation of the business (33:53)
- Advice from a lender perspective to small business owners during COVID-19 crisis (36:28)
Click Read More below to get to the podcast.