National Links Trust, a nonprofit organization dedicated to protecting and promoting accessible and engaging municipal golf courses across America, is in the midst of their largest project to date right in the heart of Washington D.C.
As operators and managers of the East Potomac Park, Langston and Rock Creek golf courses, all part of the National Parks System, National Links Trust has committed to renovating all three facilities over the next seven to ten years, requiring a long-term partnership with a banking partner they can trust.“
We were looking for a bank with local roots who understood the needs of the community and our business needs,” said Sinclair Eaddy, President and Chief Executive Officer of National Links Trust. “We felt like National Capital Bank understood our commitment to the community as a nonprofit and that our long-term plans required unique funding.”
National Links Trust worked with NCB to secure both a line of credit and a term loan to finance the purchase of the assets and equipment from the previous operator of the courses. “The equipment purchase was a vital part of our ability to keep the golf courses operating smoothly from one owner to the next, and the process with Rick was seamless,” says Sinclair.“From a financial standpoint it was critical as we look forward to these major renovations that we complete the financing in a timely manner, and National Capital Bank was a very willing partner to listen to us and make a fair credit offer that we were delighted to accept.”
The NCB Partnership
Along with the construction financing, National Links Trust utilizes digital treasury management services including ACH, online wire transfers, mobile deposit and online bill pay, but there’s one particular service that gives John Hong, Treasurer of National Links Trust, extra piece of mind. “We have
a fiduciary responsibility to our donors that we will protect the funds we have, so their Positive Pay security feature on our account that prevents fraud definitely helps me sleep at night.”
