Cornerstone Audiology appeared in a feature article published in The Wall Street Journal yesterday.
The story examined how small businesses have been able to access emergency “forgivable loans”, part of the government’s Paycheck Protection Program.
Many banks were slow to supply these funds to customers, it found, as their systems were not streamlined to deliver the much-needed stimulus package.
However, through the fast actions of the American Bank of Commerce (ABC), the article showed how Cornerstone Audiology succeeded, gaining the right service at the right time.
“It was a sprint and a mad dash to get all your people in as quickly as you could,” Mr. James Arnold, president of the ABC, told The Wall Street Journal.
“It’s an unintended consequence of a large stimulus package that not everyone could get in the boat before they closed the door.”
The loan approval meant that Cornerstone Audiology hasn’t had to furlough staff or make cuts to ensure that we can maintain the high-quality of hearing services to their patients.
The clinic remains committed to serving every person during the COVID-19 pandemic through a range of innovative new services, including Tele-Audiology.