Oklahoma COVID-19 Part 6 - Why so many Oklahoma small businesses were NOT prepared to apply for PPP loans

Today’s video clip focuses on removing the barriers hindering critical banking relationships needed for growth.

Before social distancing, many Oklahoma businesses remained at stagnant levels without solid financial records, strategic plans and implementable #growth and revenue plans.

THE REASON? Because many business owners had great work ethic and great ideas, but not great records.

#Coronavirus exposed the huge gap in fundamental business records and processes needed by many small, #minority-owned and #women-owned businesses to demonstrate profit and loss and expense ratios to ensure business success.

Join the FCG Group's discussion as we focus on the #business lessons learned by lack of #P&Ls and #Balancesheets and other indicators of the overall health of #Oklahoma #smallbusiness.

The local mom and pop business model highlights the best of Oklahoma #entrepreneurs - and exposes the high #risk of closure without established banking relationships and access to capital.

Not sure where to start? Give us a call.

Removing the barriers hindering critical banking relationships needed for growth, join the #FCGGroup's discussion on why so many small, minority, rural and w...
Kimberly F.