Teaming Up for Your Success
Building and running a business is a constant balancing act between planning and executing, dreams and reality, risk and reward. With the pandemic, that balancing act has gotten even trickier.
At North American Banking Company, we have a long history of helping businesses of all sizes find and maintain their balance, even during challenging times. So, if the economic uncertainty around the pandemic has affected your business, reach out to our team of experienced bankers.
In fact, whether you are a startup or an established business, now is precisely the time to call for support—not just from us, but from your accountant and attorney as well.
Help when you need it
“Together, your accountant, attorney, and banker form what is sometimes referred to as the ‘three-legged stool’ of professional support,” says Brad Benesh, Senior Vice President, Business Banking.
That support is especially important now, as businesses must not only deal with the financial and legal impact of the coronavirus, but also navigate the maze of relief options available via the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which includes the Small Business Administration Paycheck Protection Program (PPP).
Our team has helped business owners just like you secure PPP loans worth $70 million.
But loans aren’t the only way North American Banking Company can help you through these challenging times. We can also help you refine your business plan and develop a realistic view of your current business and how it might perform in the months and years ahead.
Our bankers can also work with the other members of your support team—your accountant and attorney—to refine your business plan, identify new sources of revenue, determine how best to minimize taxes, and advise you on various financial and legal issues resulting from the pandemic.
“With the current economic uncertainty, your support team can be the stabilizing force your business needs,” says Benesh. “In fact, getting that support now can help you emerge from these challenging times even stronger than before.”
Start the conversation
So, if you haven’t been in touch with your banker, now’s the time to reach out to one of ours.
Start by sharing your concerns, as well as any contingency plans you’ve put in place. We can then help you determine both your short- and long-range needs, and identify ways we can help, whether that’s a short-term loan, repayment deferrals, or an increased line of credit. We can even offer coaching and mentorship on building a support team of professional advisors you can trust.
Reach out today. We’re standing by to offer help, guidance, and support for your business whenever you need it