The value of having a great relationship with your financial - - PowerPoint PPT Presentation

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Oct 06, 2022 143 likes •253 views

The value of having a great relationship with your financial institution Shawn Gilfedder, CEO Kitsap Credit Union June 4, 2020 1 | Kitsap Credit Union o How to develop the best relationship with your financial institution. o Why all

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The value of having a great relationship with your financial institution

Shawn Gilfedder, CEO Kitsap Credit Union June 4, 2020

1 | Kitsap Credit Union

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2 | Kitsap Credit Union

How to develop the best

relationship with your financial institution.

Why all financial institutions are

not equal.

What every good financier is

looking for in a relationship.

What’s next for the SBA’s PPP?

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Where everyone knows your name

3 | Kitsap Credit Union

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What does a great relationship look like?

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Is Is this a valued relationship?

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Teamwork
Honesty
Trust
Respect
Love
Teamwork
Honesty
Trust
Respect
Passion

Great Relationships…

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Dig igit ital Courtship

Who is my best dance partner ?

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Great rela latio ionships, offer great solu lutions

U.S. Treasury 10yr. Yield January 1, 2019 2.62% January 1, 2020 1.87% June 3, 2020 0.73%

8 | Kitsap Credit Union

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SBA PPP What’s next… a lender's perspective

Communication
Documentation
PPP Loan Calculation Forgiveness Form
PPP Schedule A
PPP Borrower Demographic Information Form (optional)
Timing – Lender Confirmations, Material Support
60 Days Submission upon completion of form
90 Days Payoff from when lender provides the SBA with its decision
5 Days Notice to borrower is the SBA is reviewing the loan

9 | Kitsap Credit Union

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Kit itsap Credit Union

10 | Kitsap Credit Union