It’s unprecedented. In talking with a few dozen CEOs these last two weeks, almost all used the exact same words…
“I’m very concerned about 2022. How are we going to replace the income from PPP and the other programs?
AND ALL I HEAR ARE EXCUSES FROM MY TEAM…”
- “We’re making new loans… but the payoffs are killing us.”
- “The competitors have gone mad with their low-ball offers—how do we compete against that?”
- “The Fed was telling us that interest rates are going to stay low for at least a year,