25 episodes

The Driving the Cbus podcast co-hosts, Scott McComb, CEO of Heartland Bank and Kailyn Bucklew (McComb), a third-generation community banker, offer two different perspectives as they sit down and get real with local business owners. From well-established companies to startups, small businesses are the heart and soul of Columbus. Tune in to find out how it all began, what keeps them up at night – the current struggles they face, and what successes they are most proud of with some entertaining stories along the way.

Driving the Cbus Scott McComb, CEO of Heartland Bank and Kailyn Bucklew (McComb)

    • Business
    • 5.0 • 6 Ratings

The Driving the Cbus podcast co-hosts, Scott McComb, CEO of Heartland Bank and Kailyn Bucklew (McComb), a third-generation community banker, offer two different perspectives as they sit down and get real with local business owners. From well-established companies to startups, small businesses are the heart and soul of Columbus. Tune in to find out how it all began, what keeps them up at night – the current struggles they face, and what successes they are most proud of with some entertaining stories along the way.

    Greg Ubert from Crimson Cup Coffee and Tea

    Greg Ubert from Crimson Cup Coffee and Tea

    Greg Ubert is the Founder and President at Crimson Cup Coffee & Tea. After a short promising career in Chicago, he considered many opportunities. But, in the end, specialty coffee was his answer. He decided his mission would be to blend and roast a better cup of coffee.



    He moved home to live with his parents in Columbus, Ohio while he got his fledgling business off the ground. Why Columbus? He saw some great opportunity to grow his coffee idea, plus Columbus was attractive as a city to raise a family.  And he has always done what most have considered a little crazy.

    People do look at me strangely. And that's kind of normal for people who are thinking outside the box. And it's certainly something that I've learned that if I don't get a strange look, I know I'm not pushing the envelope.

    He named his new business “Crimson Cup,” both for the ripe red berry of the coffee tree and in honor of Harvard’s (his alma mater) official color, crimson. What ultimately has made his business different from others is his focus on the relationship chain.

    So that's why we got into teaching and training. That's one of the things we do really, really well at Crimson Cup. We teach and train our customers how to be successful. It's pretty simple. If they're successful, we're successful. And so that's why we put so much into the training.

    Greg took the next logical step and wrote a book, Seven Steps for Success: A Common-Sense Guide to Succeed in Specialty Coffee. Reading it is still the first recommendation Crimson Cup gives to people who are thinking about starting a coffee house. It’s now in its third printing, and is used as a template for coffee house owners to maximize their coffee house businesses and avoid costly mistakes.

    We could have signed up a whole bunch of independent coffee houses. We only work with about 5 percent. And the reason is because we want to make sure that they're the right fit. Because one of our core values is having fun.

    Additionally, his true passion is helping the coffee bean farmers. They work with farmers on three different levels.



    * Environmental - to make sure that they're treating the environment right.

    * Social - most communities that they go into have a lot of need.

    * Economical - they offer their farmers contracts to grow and harvest better beans. If they make a better coffee (with Crimson Cup's help), they're going to pay them more for it.



    So how did Greg come to start banking with Heartland Bank? His board advised him to "find a bank like you."

    A bank like me. I've never heard that before. But it's interesting. And I did some interviews and certainly found Scott, and he was right on target.

    Crimson Cup has offered great international opportunities for Greg and Crimson Cup.

    Because establishing relationships around the world is awesome, because most people are truly wonderful.

    The Driving the Cbus podcast co-hosts, Scott McComb, CEO of Heartland Bank and Kailyn Bucklew (McComb), a third-generation community banker, offer two different perspectives as they sit down and get real with local business owners. From well-established companies to startups, small businesses are the heart and soul of Columbus. Tune in to find out how it all began, what keeps them up at night – the current struggles they face, and what successes they are most proud of with some entertaining stories along the way.

    Meet Our New Co-Host, Kailyn Bucklew (McComb)!

    Meet Our New Co-Host, Kailyn Bucklew (McComb)!

    Our new season brings changes!



    As the initial creator of Heartland Bank’s Diving the Cbus, Kailyn Bucklew (McComb) remains actively involved in the development and continuation of the series. She is a co-host with her father, Scott, in addition to her duties in the Commercial Banking division. After graduating from The Ohio State University and beginning her career at Heartland, Kailyn started her “life” which includes her fiancé who also is a Heartland associate, a farm with many animals and a garden that she plants from her greenhouse seedlings. In her spare time, you just might catch her listening to legal commentary or offering eggs to friends at the bank.



    But Scott's still with us on each episode, as always.



    Scott McComb is the Chairman, President and CEO of Heartland Bank. Scott commits a portion of his time to co-hosting Heartland Bank’s Driving the Cbus to maintain his commitment to spreading the “wealth” – and by wealth we wish he meant the actual green stuff – but he really just loves to share his financial knowledge and the business acumen of local professionals. During his out-of-office hours, he recently achieved his Bareboat Sailing Certification that allows him to skipper 60 ft. sailing catamarans. As a graduate of The Ohio State University, Scott is deeply entwined in the community, but realizes that as the bank grows, his influence and reach should grow too. What better way to do that than with a podcast!



    Get ready for some great interviews coming your way over the coming months.



    The Driving the Cbus podcast co-hosts, Scott McComb, CEO of Heartland Bank and Kailyn Bucklew (McComb), a third-generation community banker, offer two different perspectives as they sit down and get real with local business owners. From well-established companies to startups, small businesses are the heart and soul of Columbus. Tune in to find out how it all began, what keeps them up at night – the current struggles they face, and what successes they are most proud of with some entertaining stories along the way.

    Laurie Pfeiffer, Director of Commercial Banking – Paycheck Protection Program Update

    Laurie Pfeiffer, Director of Commercial Banking – Paycheck Protection Program Update

    Laurie is our guest again, and we cover how Heartland Bank can help your business with the process of applying for the Paycheck Protection Program.



    The CARES Act established a new $349 billion Paycheck Protection Program. The Program is providing much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed.



    The new loan program will be available retroactive from Feb. 15, 2020, so employers can rehire their recently laid-off employees through June 30, 2020.



    Laurie covers some of the details, the loan terms and conditions, that include...



    * Eligible businesses: All businesses, including non-profits, Veterans organizations, Tribal concerns, sole proprietorships, self-employed individuals, and independent contractors, with 500 or fewer employees, or no greater than the number of employees set by the SBA as the size standard for certain industries

    * Maximum loan amount up to $10 million

    * Loan forgiveness if proceeds used for payroll costs and other designated business operating expenses in the 8 weeks following the date of loan origination (due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs)

    * All loans under this program will have the following identical features:

    * Interest rate of 1.0%

    * Maturity of 2 years

    * First payment deferred for six months

    * 100% guarantee by SBA

    * No collateral

    * No personal guarantees

    * No borrower or lender fees payable to SBA



    Currently, Heartland Bank is working with businesses and getting approvals in 48 hours.



    Some tips before starting the process...



    * Look at the checklist provided on our website

    * Work with your CPA or payroll

    * Talk with your banker for more information about this program, as well as other options that may be available for your business

    * Listen to our previous interview with Laurie



     



    Featuring insights from individual contributors from all corners, nooks and crannies of the Columbus, Ohio region, Scott McComb, Chairman & CEO of Heartland Bank, has a goal to get to the why of our evolving and eclectic environment.  Check back often for updates to the list of the latest interviews with some of the area's most interesting individuals who are 'Driving the CBus'!



    Email: info@heartland.bank 



    Twitter - @heartlandbank



    Facebook - @heartlandbankcentralohio

    • 12 min
    Laurie Pfeiffer, Director of Commercial Banking – Paycheck Protection Program for Self-Employed

    Laurie Pfeiffer, Director of Commercial Banking – Paycheck Protection Program for Self-Employed

    Laurie is our guest again, and we cover how Heartland Bank can help you, as a sole-proprietor or self-employed, with the process of applying for the Paycheck Protection Program.



    The CARES Act established a new $349 billion Paycheck Protection Program. The Program is providing much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed.



    Starting April 10, 2020, independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.



    What can you use these loans for? You should use the proceeds from these loans on your:



    * Payroll costs, including benefits

    * Interest on mortgage obligations, incurred before February 15, 2020

    * Rent, under lease agreements in force before February 15, 2020

    * Utilities, for which service began before February 15, 2020



    Laurie covers some of the details, the loan terms and conditions, that include...



    * Eligible businesses

    * Maximum loan amount up to $10 million

    * All loans under this program will have the following identical features:

    * Interest rate of 1.0%

    * Maturity of 2 years

    * First payment deferred for six months

    * 100% guarantee by SBA

    * No collateral

    * No personal guarantees

    * No borrower or lender fees payable to SBA



    Currently, Heartland Bank is working with businesses and getting approvals in 48 hours. We encourage any and all self-employed to take a look at this program and re-evaluate your situation if you thought this is not for you.



    One of the most common questions we hear is "How much of my loan will be forgiven?". You will owe money when your loan is due if you use the loan amount for anything other than payroll costs, mortgage interest, rent, and utilities payments over the 8 weeks after getting the loan. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs.



    Some tips before starting the process...



    * Look at the checklist provided on our website

    * Work with your CPA or payroll

    * Talk with your banker for more information about this program, as well as other options that may be available for your business

    * Listen to our previous interview with Laurie



     



    Featuring insights from individual contributors from all corners, nooks and crannies of the Columbus, Ohio region, Scott McComb, Chairman & CEO of Heartland Bank, has a goal to get to the why of our evolving and eclectic environment.  Check back often for updates to the list of the latest interviews with some of the area's most interesting individuals who are 'Driving the CBus'!



    Email: info@heartland.bank 



    Twitter - @heartlandbank



    Facebook - @heartlandbankcentralohio

    • 14 min
    Jessica McNamee, Heartland Bank Financial Planning – Financial Planning During COVID-19

    Jessica McNamee, Heartland Bank Financial Planning – Financial Planning During COVID-19

    In this episode we talk with Jessica McNamee, Director of Financial Planning.



    How should investors react to the stock market during this COVID-19 pandemic?  Jessica encourages investors to address "risk" vs "uncertainty."  This is why you should plan.



    She stresses, stay calm, and don't make rash financial decisions. Take an assessment of your reserves and cash money. And, if you can take the long term perspective, keep putting into your 401K.



    Should you look at changing your 401K allocation? It's a personal assessment of risk tolerance.



    Do your best not to sell right now, if you are comfortable to ride out this current financial situation.  You can be better prepared by talking to a professional financial advisor.  Plus, target having different "buckets of money" to that will give you flexibility.



    What makes the stock market rise and fall?  What are the factors?  Can we compare today's market fluctuations to the Great Recession in the early 2000's? Jessica explains the fluctuation reasons, and compares and contrasts today to The Great Recession.

    Disclaimer:

    The opinions voiced in this show (program) are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult with your attorney, accountant, and financial advisor or tax advisor prior to investing.

    Securities are offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates.  The investment products sold through LPL Financial are not insured Heartland Bank deposits and are not FDIC insured. These products are not obligations of Heartland Bank and are not endorsed, recommended or guaranteed by Heartland Bank or any government agency.  The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.

     



    Featuring insights from individual contributors from all corners, nooks and crannies of the Columbus, Ohio region, Scott McComb, Chairman & CEO of Heartland Bank, has a goal to get to the why of our evolving and eclectic environment.  Check back often for updates to the list of the latest interviews with some of the area's most interesting individuals who are 'Driving the CBus'!



    Email: info@heartland.bank 



    Twitter - @heartlandbank



    Facebook - @heartlandbankcentralohio

    • 24 min
    Laurie Pfeiffer, Director of Commercial Banking – How Your Bank Can Help Your Business During COVID-19?

    Laurie Pfeiffer, Director of Commercial Banking – How Your Bank Can Help Your Business During COVID-19?

    Laurie is our guest, and we cover how your bank can help your business during this pandemic.



    What should your business being doing today?



    * Keep communicating.  To your bank, CPA, insurance agent, all your partners

    * Re-evaluate your revenue streams

    * Create a 13-week cash flow, and update every few days



    What will a banker need to know when you contact them for options?  Laurie offers up these items that will be covered.



    * What is the current state of your business?

    * What are your current revenue streams?

    * What are you doing with your vendors?

    * If you are renting your building, have you talked to your landlord for relief?

    * Have you contacted your insurance agent to understand your policy?



    Laurie stresses access to cash is extremely important.  Utilize or increase your line of credit.



    Tools that businesses can take advantage of?  Laurie mentions that your bank will look over long term, that is, what is needed over the next 90-days.  Options include:



    * Interest only payments

    * Deferred payments

    * Loan forbearance



    SBA solutions?  At this time, the SBA is offering a relief program called the SBA Disaster Assistance Program.  You can begin the application process online, or contact your bank for assistance.



    Featuring insights from individual contributors from all corners, nooks and crannies of the Columbus, Ohio region, Scott McComb, Chairman & CEO of Heartland Bank, has a goal to get to the why of our evolving and eclectic environment.  Check back often for updates to the list of the latest interviews with some of the area's most interesting individuals who are 'Driving the CBus'!



    Email: info@heartland.bank 



    Twitter - @heartlandbank



    Facebook - @heartlandbankcentralohio

    • 14 min

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