A year into the pandemic, with the outlook for SMBs in New Jersey seeming slightly better based on recent economic data, Piermont Bank founder and CEO Wendy Cai-Lee explores how to leverage your bank to help stabilize your business, finance your growth and move forward. And how your bank can play a more active role in helping […]
While we continue to hurdle the obstacles handed to us by this crisis, it is remarkable to watch certain leaders tackling new challenges and discovering hidden opportunities in the process. Read the “Lonely CEO” Column.
On the latest episode of the ABA Banking Journal Podcast, our CEO Wendy Cai-Lee discusses with Evan Sparks and Monica C. Meinert at ABA Banking Journal on how Piermont Bank is built to heal “pain points” for multigenerational family businesses.
As we are trying to reopen our businesses, here are five lessons that our CEO Wendy Cai-Lee shared with CNBC for entrepreneurs to consider for their businesses post-PPP. “Aside from stress-testing themselves, entrepreneurs should understand the impact of their constituents,” said Wendy Cai-Lee, CEO of Piermont Bank. Read more on how it pays to have a local banking relationship, know a CPA and maintain a bank account for your business:
Reopening is on top of many business owners’ minds. We’ve seen throughout this pandemic the importance of stress testing your business and evaluate critical factors like cash flow, supply chains, sales channels, and business partner relationships before determining the best path forward. Our CEO Wendy Cai-Lee is quoted by The New York Times on how businesses can pivot to survive.