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Altabanking episode 16 with Len Williams

June 26, 2020

Len Williams – Altabanking Interview KSL Radio Transcript:

Segment title: Ways Utah Businesses Are Adapting During The Pandemic

GRANT: Welcome to Altabanking. Weekly business talk geared toward elevating your financial future. Len Williams Is President and CEO of Altabank and Len, during our last conversation, we talked about what Altabank has done to come out of these times of uncertainty stronger. Let’s talk about what small businesses can do and how community banks can help during these times.

LEN: Thanks, Grant. Many businesses were forced to make certain changes and try new things and as a result, have noticed that these changes have worked. With that being said, Altabank can help sure up businesses through its numerous services. I think we all found that cash didn’t work quite as well as cards and using your phone to make payments or drive-thru transactions. We can help you convert receivables to cash quicker, make your disbursements without writing checks and having better records. What was once available only to large businesses is now available to nearly all businesses. Instant cash or payments with reliable records and great time savings.

GRANT: And community banks are also able to process things quickly.

LEN: That’s right, Grant. This will allow small businesses to get on their feet quicker.

GRANT: Can you give us an example of an Altabank small business customer that has adapted and as a result, Is stronger now more than ever?

LEN: We have some fast-food restaurant clients who have maintained 95% of normal business operations through their drive-thru windows. We’re also aware of a local hotel operator who was able to keep staff employed by renting out rooms for offices for those who couldn’t work effectively or efficiently from home. Think about it, clean sanitized rooms, high speed internet, phones, a fridge and clean restrooms with a price that was much less expensive than traditional overnight rates. The creativity has been incredible.

GRANT: Thank you very much, Len. Good talking with you. This has been Altabanking. Brought you by Altabank. Member FDIC Equal Housing Lender.