At LBC’s first Leadership Lunch & Learn on April 28, we looked at issues small businesses are facing right now, specifically selling during a time of social distancing, cyber security and SBA loan programs.
Chris McDonell, CEO of McDonell Consulting Group, addressed how to sell and lead during this time of social distancing. He focused on the importance of building relationships for mutual gain, rewriting beliefs and redefining behaviors.
Up next was Mike Volk, Cyber Risk Solutions Vice President with PSA who shared best practices and tips for your organization as many employees are now working remotely. One tip he shared was to have cyber insurance and ensure that it covers employees working from home, as well as data stored on the cloud or managed by a third party.
Finally, Steve Umberger, District Director of the SBA’s Baltimore District Office, spoke about the loan programs designed to help small businesses, including Economic Injury Disaster Loan and Advance and the Paycheck Protection Program. The SBA has processed 26,000 PPP loans with a total value of more than $6.5 billion in Maryland. Out of the 160 lenders who have done loans in Maryland, he said approximately 85 have been Maryland-based banks or credit unions.