NUCA of Metro DC Founding Member, Eagle Bank has been busy helping other NUCA members and clients during this challenging time.
In deploying more than 70 Bank specialists to support efforts being made by Eagle Bank’s Small Business Lending Group, they were able to process over 1330 applications for the Paycheck Protection Program (PPP) – applications that resulted in over $491 million in PPP loans through May 10th, 2020 – and still counting. These loans are estimated to have saved over 41,000 jobs throughout the DC Metropolitan area.
Eagle Bank is also committed to giving back and supporting our community. In recent days, the EagleBank Foundation has donated $100,000 to our frontline heroes in area hospitals, food banks and relief organizations. These funds have been specifically earmarked for assistance in the fight against COVID 19 and to sustain the health care providers, humanitarians and first responders who are working around the clock to save lives. EagleBank also provided $50,000 in emergency funding to George Mason University to provide a lifeline to students displaced and struggling with sudden campus closures.
Kudos to our members as they help other members and the community continue operating!