By the time the first round of federal Paycheck Protection Program (PPP) funding ran out of money, Maryland-based Capital Bank, N.A., was able to help 598 small-business PPP applicants secure Small Business Administration (SBA) authorization for federal aid totaling over $172 million. All but a few of those small businesses are here in the DMV region.

Capital Bank, N.A., Honored with 2021 Nintex Solution Innovation Award

Capital Bank, N.A., has been named a 2021 winner of the Nintex Solution Innovation Award in the “Business Continuity” category. Nintex selected Capital Bank for its innovative response in digitally transforming its SBA application process, leveraging existing technologies in new ways to create a secure, end-to-end automated solution to support the launch of the Paycheck Protection Program (PPP) – offering a lifeline to small businesses during the pandemic. Read More

The Do’s and Don’ts of Getting, Using a Paycheck Protection Program Loan

The devil is in the details for small-business owners seeking funding from the Paycheck Protection Program. A missing signature can derail your PPP loan application for days or even weeks, delaying desperately needed financial help. And disorganized record-keeping can lead to headaches when you apply for forgiveness and you have to show how each and every dollar of your PPP loan was spent. Read More

Investments in digital banking are cost cutting in disguise

Within three years a quarter of Europe’s bank branches could be closed – more if the rising M&A wave strengthens. When banks shout about investing in digital for their customers, they want investors to hear they are cutting costs. In the rush to become tech companies could they lose what keeps customers loyal? Read More

Community banks benefit from larger rivals’ over-reliance on tech

Large banks have spent billions on IT to efficiently process standardized products, leaving an opening for local lenders that offer a banker to talk to. Read More

French crowdfunding platform courts bank partners to gain U.S. foothold

Capital Bancorp in Rockville, Md., has no links to crowdfunding, but CEO Ed Barry says Ulule’s proposition is worth considering. “Everyone has been exploring alternative data for a long time now … as a predictor of creditworthiness,” Barry said. Read More

Small-Cap ETFs May Strengthen After PPP Help Community Banks

After facing problems when applying for the Payroll Protection Program through larger banks, small businesses may permanently turn to smaller community banks that have proven to be more accommodating, potentially bolstering small-cap financial sector exchange traded funds. Read More

We Were Economic First Responders

On March 25, 2020, with the COVID-19 pandemic accelerating nationwide and stalking Washington, U.S. senators unanimously passed a $2 trillion coronavirus relief bill. Read More

This Banker Made 1 Year Of Loans In 10 Days. He’s Ready For Another Mad Dash Today

Get ready for another footrace, as struggling small businesses scramble to grab hold of a financial lifeline. The federal government is restarting an emergency loan program for small businesses today, with $320 billion. Read More

NBC4: Maryland Bank Gets Hundreds of Small Businesses Approved for Paycheck Protection Loans

A small community bank in Maryland helped hundreds of small businesses get approved in the first round of paycheck protection program loans. Capital Bank, N.A., knew it had to act fast – and waiting for the government to tell them how this was going to work wasn’t an option. Read More Watch Video

The Washington Post: To Get a Small-Business Loan, Try a Smaller Bank

The borrowers who have been happiest with the Paycheck Protection Program used community lenders, like Capital Bank, N.A., rather than the national giants. Read More

Washington Business Journal: Congress Readies More PPP Funding for Small Businesses

The SBA Paycheck Protection Program is set to get more funding from Congress, but there are still more questions swirling around the program’s details. Capital Bank, N.A., CEO Edward Barry weighs in. Read More

BenefitsPRO: Are Small Businesses Getting a Fair Shake Through PPP?

While many companies were shut out of the first wave of relief under the PPP, Capital Bank, N.A., swiftly designed a process to get money into small business owners’ hands. Read More

Retirement Advisor PRO Newsletter: Are Small Businesses Getting a Fair Shake Through PPP?

The second tranche of PPP loans may go even quicker than first. Maryland-based Capital Bank, N.A., is poised to respond. Read More

Bloomberg: To Get a Small-Business Loan, Try a Smaller Bank

In the 14 days the PPP program was open, Capital Bank, N.A., was able to get 598 applications approved, with a median loan amount of $118,000. Read More

INC: PPP Funding Ran Out in 14 Days, Round 2 Could Go Even Faster

Capital Bank, N.A., based in Rockville, Maryland helped 598 small-business PPP applicants get SBA-backed federal aid totaling over $172 million. And its CEO noted that it’s girding for more.Read More

The New York Post: Small Businesses Say Banks Fumbled Applications in First Round of PPP Funding

While big banks dropped the ball on securing funds for PPP applicants, Maryland community bank, Capital Bank, N.A. was able to process $172 million in loans for local small businesses. Read More