Harvest to Pour: Business of Beverages

Leveraging Banking Relationships for Small Business Success with Romana Gracanin from PNC Bank.

Episode Summary

In this episode, we talk to Romana Gracanin, a VP and business banking relationship manager at PNC Bank, about SBA loans and business planning for beverage industry startups and scaleups. Romana discusses the importance of developing solid business plans, the requirements for startup loans, and common challenges small business owners face. She emphasizes the importance of technology, developing advisory boards, and maintaining relationships with bankers to help run businesses efficiently and protect against risks.

Episode Notes

Key Takeaways:

• The importance of developing a solid business plan aligned with financial projections when applying for an SBA loan.
• How SBA loans can help fill collateral shortfalls for startups.
• Technology systems like point-of-sale can streamline operations and add efficiencies.
• Maintaining a good relationship with trusted advisors, including a banker, is crucial for guidance and future financing needs.
• Why it makes sense to start the financing preparation process early.

Romana Gracanin

romana.gracanin@pnc.com

VP, Business Banking Relationship Manager

Reach out to Romana for information on how PNC Bank can help.

LinkedIn

PNC Solutions for Food, Beverage & Agribusiness

PNC Bank for Small Businesses