Banking & Finance

Oct 10, 2018

Wilmington business owner Shannon Hodge didn't have the means to recover from Hurricane Florence on her own. "I don't have the resources," Hodge, owner of the College of Wilmington, explained Wednesday morning to Linda McMahon, administrator of the Small Business Administration and a member of President Donald Trump's Cabinet. McMahon, a native ...

Oct 5, 2018

SBA Outlines Direct Loans To Help With Hurricane Damage

By Jenny Callison, posted Oct 5, 2018

Homeowners whose residence suffered damage from Hurricane Florence can apply for a special kind of SBA loan to make repairs to or replace damaged property, an official with the U.S. Small Business Administration said Friday.   "We are a direct lender, different from the regular SBA, which makes guaranteed loans through approved lenders," James Rivera, asso ...

Oct 5, 2018

Using Tech To Fight Tech-savvy Scammers

By Jenny Callison, posted Oct 5, 2018

Fraud is a serious issue for financial institutions, and it’s top of mind for American Banker magazine. The publication is offering a webinar on the subject, saying in its pitch, “Lending institutions of different sizes face ongoing threats from account origination and takeover fraud, and this risk may be increasing. According to a recent study of industry prof ...

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UNCW Center for Innovation and Entrepreneurship

Offshore America: Outsourcing While Onshoring

Posted Oct 17, 2018
This Insights article was contributed by Wayne Hippo, Managing Partner of PS Solutions.

Hiring programmers a world away has long been a desperate option for those looking to fill their need for tech talent.
The argument was simply that American software developers weren’t available or affordable, and going off-shore promised lower costs and a tech team who wor...read entire article
Oct 3, 2018

SBA Loans Available For Businesses Affected By Hurricane

By Jenny Callison, posted Oct 3, 2018

In the aftermath of Hurricane Florence, the U.S. Small Business Administration (SBA) is offering several programs to help small businesses and farmers recover from storm-related impacts.   SBA disaster assistance business loans offer businesses and private non-profit organizations up to $2 million to repair or replace disaster-damaged or -destroyed real estate, mach ...

Oct 2, 2018

Banks That Sustained Hurricane Damage Resume Operations

By Jenny Callison, posted Oct 2, 2018

Bank locations in the Wilmington area are mostly back to healthy operations after varying degrees of impact from Hurricane Florence. A couple of branches, however, remain on the injured list.   BB&T’s Castle Hayne location was closed as of Tuesday, according to the bank’s website, which updates branch status daily. Also closed is the TD Bank branch i ...

Oct 2, 2018

Open For Business: New Announcements (Oct. 2)

By Johanna Cano, posted Oct 2, 2018

Businesses have continued announcing openings after Hurricane Florence forced some closures in the days before, during and after the storm. Below is a running list of some of those locations. To see a full list of opening announcements, click here.   Business Services • Springer Studios, 244 Princess Street, Suite 207, opened Sept.28. The marketing agency ...

Sep 26, 2018

Live Oak's New President Takes The Helm

By Jenny Callison, posted Sep 26, 2018

Live Oak Bank now has a new leader. The Wilmington-based financial institution announced Wednesday that Huntley Garriott was appointed president effective Monday.   Garriott's hiring was announced by Live Oak Bank in April with his tentative start date set for Oct. 1.   He replaces Scott Custer as the bank's president. Custer, according to Wednes ...

Sep 25, 2018

Open For Business: New Announcements (Sept. 25)

By Staff Reports, posted Sep 25, 2018

Businesses have continued announcing openings after Hurricane Florence had forced closures in the days before and after. Below is a running list of some of those locations. To see a full list of opening announcements, click here. Banks and Credit Unions • CresCom Bank, 4710 Oleander Drive, is open, drive-through only, 8:30 a.m.– 5 p.m.& ...

Sep 21, 2018

Open For Business: New Announcements (Sept. 21)

By Johanna Cano, posted Sep 21, 2018

More area businesses are opening Friday following impacts of Hurricane Florence. Below is a running list of some of those locations. To see a full list of opening announcements, click here. Banks and Credit Unions • Piedmont Advantage Credit Union, 3815 Park Ave., is open for business from 8 a.m. to 5 p.m.  “We offer specialized loans to ass ...

Sep 21, 2018

Tips On How To Choose Contractors And Avoid Scams

By Johanna Cano, posted Sep 21, 2018

Many people face the task of rebuilding or repairing their homes and businesses after a disaster like Hurricane Florence. Some repairs might be simple, but others may require hiring a contractor who can do the work efficiently. As more people are looking for contractors to hire for the job, many organizations like the N.C. Licensing Board for General Contractors (NCLBGC) a ...

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In The Current Issue

Benefits Spring Up In Florence’s Wake

The aftermath of Hurricane Florence left the region with downed trees, flooded homes and displaced residents in need. This destruction, howe...


Tourist Attractions On The Mend

As recovery efforts from Hurricane Florence continue, several area attractions remain damaged in her wake. Last month’s unwelcome visitor no...


Building, Rebuilding Homes After Hurricane

Homebuilders discuss labor, working with other homebuilders associations in the state and more in the wake of Hurricane Florence....

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