Nimble technology and an all-hands-on-deck focus to aid small businesses pays off.
- Name: Ed Barry
- Title: CEO
- Company: Capital Bank
- Region: Rockville, MD
- Industry: Banking
- Vistage Chair: Debbie Tyler
By the time the federal Paycheck Protection Program (PPP) ran out of money, Maryland-based Capital Bank, N.A., had been able to help 597 small-business PPP applicants get Small Business Administration (SBA) authorization for federal aid totaling over $173 million. All but a few of those small businesses are in the DMV region.
"We, of course, hope Congress approves additional PPP funding so we can help even more small businesses secure the aid they desperately need," said Capital Bank, N.A., CEO Edward Barry, "but we are elated to have been able to help this enormous number of applicants successfully get through the SBA's process and obtain PPP loans."
Barry added that this was truly a herculean effort by the staff, involving new website functionality and an all-hands-on-deck customer-service focus.