If the coronavirus crisis teaches a lesson to businesses, it’s the importance of the right banking relationship. Jen Pierce, co-owner of Clay’s Climate Control in Linwood, New Jersey, was reminded of this when her bank, Ocean First, reached out to her and offered three different programs to help during the crisis. These included waiving mortgage payments on commercial payments and offering a line of credit with a three-year payoff.
“They’ve actually been outstanding about making sure we can pay everything we need to pay,” Pierce said.