Eagle Bank 2013 Annual Report: There when it counts.Posted on
When a small business needs help most, health a community bank has the most to offer – enabling fellow entrepreneurs to survive and thrive.
Cidalia Luis-Akbar and Natalia Luis had guided M. Luis Construction through the recession. But then the sisters’ troubles began.
The Maryland-based road construction company their parents started in 1985 had achieved great success. Looking to build on that success, in late 2010 the sisters invested millions in an asphalt manufacturing plant in Rockville, MD. In February 2011, a fire destroyed the company’s central operations hub, a loss worth several million dollars.
Then the rains came. Over several months, record-setting rainfall throughout the region washed out construction schedules, greatly reducing M. Luis Construction’s revenues. As a result, the company’s relationship with a national bank ended—the bank that had been M. Luis’s lender of choice for over twenty-five years.
That’s when we learned about the sisters’ predicament from a mutual friend. (At EagleBank, we’re all about relationships.) As entrepreneurs ourselves, we understand that all small-business owners face challenges. From time to time, unforeseen events will demand unconventional thinking and unusual flexibility. That’s par for the course.
We also understand that, for small-business owners, timely access to money is what keeps the lights on.
We met with the Luis sisters and recognized them as fellow entrepreneurs—passionate, capable, energetic people running a successful family business. People who had just hit a rough spot and needed a hand.
So we were happy to do for M. Luis Construction what its national bank wouldn’t: We provided an $8.6 million line of credit that enabled the firm not only to keep going, but to continue growing.
Others took notice. Last fall, President Obama invited the Luis sisters to the White House for an event celebrating the contributions small businesses make to the economy by creating jobs, improving infrastructure, and strengthening communities. The following month, the President visited M. Luis Construction’s Rockville facilities for another day of celebrating small-business success.
Stories like that of the Luis sisters and M. Luis Construction are ones we never tire of hearing—or being a part of. Because we believe in the power and passion of entrepreneurs, and the difference only a community bank like EagleBank can make in their success.
2017 – M. Luis COO, Natalia Luis featured on Making Money with Charles Payne READ MORE
2017 – M Luis COO, Natalia Luis, Featured on Fox & Friends READ MORE
2016 – M. Luis Attends MCCC GovConNet Procurement Conference READ MORE
2016 – M. Luis Products Opens Second Asphalt Facility READ MORE
2015 – Cidalia Luis-Akbar and Natalia Luis Receive MCCC Small Business Leader of the Year Award READ MORE
2015 – M. Luis Participates in Special Halloween “Race for Every Child” READ MORE
2015 – M. Luis Receives Award at CRMSDC’s 34th Annual Leaders and Legends Awards READ MORE
2015 – Cidalia Luis-Akbar and 11 other Business Leaders Appointed by Leggett to Run MoCo Economic Development READ MORE
2015 – Natalia Luis Recognized by BGE as a Graduate of Focus 25 Class READ MORE
2015 – Cidalia Luis-Akbar and Natalia Luis to Receive Montgomery County Chamber of Commerce Small Business Leader of the Year Award READ MORE
2015 – US Builder’s Review Features M. Luis Construction and Products READ MORE
2015 – FBI Washington Field Office Announces Director’s Community Leadership Award Presented to Cidalia Luis-Akbar READ MORE
2015 – Start a Career at M. Luis! READ MORE
2014 – Sisters use Kilimanjaro climb to raise money, spirits READ MORE
2014 – Huffington Post Feature – “Climbing Kilimanjaro for a Cause” READ MORE
2014 – 2014 Prémio Máxima Mulher de Negócios READ MORE
2014 – ” M Luis Participant in City of Baltimore’s Minority Development Week” READ MORE
2014 – M. Luis Recognized the by Baltimore Business Journal READ MORE
2014 – M. Luis Construction is named one of Maryland’s Top 100 MBEs READ MORE
2014 – M. Luis Supports “Millions of Healthy Babies” – The Mt. Kilimanjaro Climb READ MORE
2014 – M. Luis Products, LLC Receives 2014 Best of Rockville Award READ MORE
2014 – M. Luis President and Vice President take part in the Global Entrepreneur Delegation to Lisbon READ MORE
2014 – M. Luis President Nominated for award by COTEC READ MORE
2014 – Children’s National Medical Center Fetal Medicine Institute Ribbon Cutting Ceremony READ MORE
2014 – New Children’s National Fetal Medicine Institute Offers Advanced Diagnostics and Patient Care READ MORE
2014 – Bill Clinton backs Anthony Brown at Potomac fundraiser: ‘I know what is in his heart’ READ MORE
2014 – President Barack Obama Visits M. Luis READ MORE
2014 – M. Luis Leadership Invited to the White House to Celebrate Successes READ MORE
2014 – One Mountain, Two Dedicated Sisters, Millions of Healthy Babies READ MORE
2014 – Cidalia Luis-Akbar named one of Maryland’s Top 100 Women READ MORE
2014 – Eagle Bank 2013 Annual Report: There when it counts. READ MORE
2014 – LT. GOVERNOR BROWN HOLDS MBE ROUNDTABLE DISCUSSION – Women and Minority Business Owners Share Ideas to Advance the MBE and SBR Programs READ MORE
2013 – WEBNC President’s Report – December 2013 READ MORE
2013 – 17th Annual PALCUS Leadership Awards Gala READ MORE
2013 – Noticias Magazine – “Como a família Luís conquistou Obama” READ MORE
2013 – The Washington Post: State, federal and private lending efforts help small business weather a ‘perfect storm’ READ MORE
2013 – M. Luis Executives Win Ernst & Young Entrepreneur of the Year® 2013 Maryland Award for Construction and Manufacturing READ MORE
2013 – Treasury Secretary Recognizes M. Luis’ Economic Contribution READ MORE
2013 – ABC Metro Washington – Building Washington Spring 2013 READ MORE
2012 – M. Luis Construction Among 16 Companies awarded GBC’s ‘Bridging the Gap” Award for Minority Owned Businesses READ MORE
2011 – Hard Hats & High Heels READ MORE
2011 – Woman in Business Maryland: Road-Building Sisters are Paving a Bright Future READ MORE
2011 – Gazette.net: Immigrant sisters take road less traveled READ MORE
2010 – Personal Drive, Wirtgen Products Help Contractor Grow In Maryland Market READ MORE