Among our proudest accomplishments during our tenure as the District’s oldest full-service bank are the long-term connections we’ve built with our customers and the times we’ve supported them and their businesses when they needed us most.
NCB has faced and survived many periods of uncertainty throughout our history through prudent business practices and community support. Even amid a pandemic, our commitment to serving our community, customers and their businesses endures.
This steadfast commitment is why we devoted maximum resources towards implementing and executing the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). As a result, NCB approved 100% of the more than360 loan applications received from both existing and new customers, securing a total of $63 million in funding.
This funding helped businesses like Mangialardo & Sons, an almost seven-decades-old family-owned restaurant, stay open. Today, with his six children’s help, Tony Mangialardo continues to serve up some of the best Italian subs around.
Award-winning firms like OTJ Architects also turned to NCB to help navigate the complex PPP funding process. The outcome: OTJ maintained its operation levels and expanded the company’s offerings to address challenges related explicitly to the pandemic — meeting new stan- dards of safety and promoting the long-term wellness of building occupants.
Ultimately, the places and people important to our neighbors are important to us — which is why regional doors, frames, hardware and specialties distributor Cap8 Doors & Hardware turned to NCB at the onset of the pandemic. Founder and Principal Lisa Williams leaned on the relationships she had at NCB to secure PPP funding, allowing her to keep her doors open so that she could continue to serve the business community and her employees.
Regardless of size or industry, local businesses — from Gainesville Pediatric Dentistry and Dezenhall Resources to Glass Distributors, Inc. — could count on NCB to guide them through the process of securing crucial funding. As a result, these valuable pillars of the Washington commu- nity could feel confident in their businesses’ future during an otherwise precarious time.
