"NCB is one of the oldest banks in DC, and the fact that they’ve chosen quality over quantity is a value we share at Tech 24. We would rather build quality and spend time with our clients than build more quantity - that’s the kind of bank I want to work with."
Victor Bonomi
President and Founder, Tech24 Construction
13 years ago, Victor Bonomi started Tech24 Construction focused on restaurant builds and remodels, but when he shifted his sights to multi-family construction projects, he realized he wanted to find a new banking partner. His most recent project, at 4111 Connecticut Avenue in Northwest DC, required specialized financing, especially since it happened to start just before the pandemic began.
“When this project came about, National Capital Bank stepped up to the plate at a time when you really needed your bank,” says Victor. “Other banks were not as receptive when the virus started, but NCB said ‘we understand what you’re trying to do’. Anybody can be there when the times are good, but NCB was there when the times were tough.”
National Capital Bank’s Senior Vice President and Construction Lending Director worked with the team to secure a development loan for the multi-family condominium project, and they also transitioned all of their business banking to NCB. According to Victor, it was NCB’s understanding that they were in a relationship with Tech24, working together towards a common goal, that solidified their decision to run their multimillion dollar business through NCB. “We need real time answers with real time people and we get that with NCB.”
The NCB Partnership
Today, Tech24 utilizes many digital and mobile banking services including remote deposit capture and mobile deposits, ACH payments and online wire transfers. Being able to do all our banking online has made all the difference, especially managing our wire transfers. “Wires have always been a dread to send and would be a big weekly project,” said Victor. “With NCB, these wire transfers now only take 15 minutes, saving us so much time that can then be focused on the project at hand. As a business owner, taking those little stresses off my plate allows me to better do my job.”
