A lot of businesses are struggling. Covid-19 has had a devastating impact on restaurants, hotels, retail and many other industries.

“Through no fault of their own, many of these companies are experiencing a dramatic loss of revenue, which obviously makes repaying bank loans difficult,” says Steve Leonard, senior vice president and head of corporate banking at Cambridge Savings Bank, in this podcast.

According to Leonard more Boston business owners are turning to community banks during these trying times.

Tune in to hear Leonard discuss:

• The value of local businesses and what it really means to be a community bank.
• The approach community banks take with struggling businesses.
• How community banks support the local economy.
• What to expect from a community bank if you’re considering doing business with one.
• Keeping up with technology.
• The Paycheck Protection Program (PPP).