Small businesses have pivoted since the pandemic. They’ve changed how they’re interacting with customers, they’re more proactive than they used to be and they’re lending needs have changed, according to Brad Fitts, FVP, small business development team leader at Cambridge Savings Bank.

In this podcast, Fitts and Jessica Kouyoumjian, a first vice president and corporate banking relationship manager at Cambridge Savings Bank, discuss the trends they’re seeing in small business lending in relation to the different business life cycles of change.

Listen to this podcast to learn about:

• How small businesses are transitioning to greater lending needs as they come out of the pandemic.
• What’s driving the demand for lending.
• The differences in lending requests for businesses in growth mode versus startups.
• The types of businesses driving the startup space.
• The life cycles of a business and the varying challenges that occur depending on the stage.
• M&A activity in the Boston area.
• Advocacy and the power of a team approach between bankers, CPAs and attorneys.