Commerce Bancshares
50 Case Studies
A Commerce Bancshares Case Study
SoLVE KC, a Kansas City-based consulting firm, faced a significant challenge when the COVID-19 pandemic caused its major projects to be put on hold and its pipeline of work to dry up. The firm's survival was threatened as consulting services became a luxury for clients. Founder Aviva Ajmera turned to her bank, Commerce Bancshares, for assistance navigating the federal Paycheck Protection Program (PPP), initially unsure if her business would even qualify.
Commerce Bank provided a dedicated expert who guided SoLVE KC through the complex PPP application process, assuring them of their eligibility. The application was submitted and approved, providing crucial funds that acted as a bridge to sustain the company. Commerce Bank also offered a loan forgiveness webinar to simplify the next steps. This support gave the firm the stability needed to rebuild its backlog of work, allowing it to return to business by the third quarter of 2020. The entire solution was underpinned by Commerce Bank's responsive service and deep investment in helping small businesses in its community succeed.