Are banks on the verge of collapse? Is it possible to access capital as a small business owner? We've all seen the headlines. Today we get information straight from the source on this week's episode of the Fort Wayne Local Podcast. I was fortunate enough to interview the CEO and president of First Federal Savings Bank, Mike Zahn. Mike was generous enough to discuss the following items:
-1:00 are banks still lending?
-3:12 who's eligible for the PPP loans?
-4:50 forebearance policies
-7:00 is there a spike in auto loan delinquencies?
-8:15 are lending guidlines tightening?
-9:30 where is the opportunity he sees coming out of this?
-11:30 What is his favorite thing about living in Fort Wayne/NE Indiana?
We did have some technical/audio difficulties, so please forgive the growing pains. But seeing as this was take 2 and Mike is a busy man, I decided to just roll with it. Enjoy!