Pandemic pressures prove the importance of strong banking relationships

From emergency borrowing needs to urgent cash flow challenges to outright survival, Covid-19 has shown how important it is for a business owner to have a strong banking relationship to call upon in difficult times.

Six in 10 businesses have suffered a sales decrease due to the pandemic, according to the Financial Brand. Almost 66% worry about additional impacts, including the inability to make payroll or rent, paying suppliers, taking on more debt or issues repaying the debt already on the books,…