Name: $200 million in small business loans coming to North Carolina
Uploaded: 2022-07-29T19:53:45-0400
Duration: 129424
Description: More than $200 million in small business loans is coming to North Carolina as part of an ongoing federal program to help disadvantaged businesses.

2 NC counties are under alert, including Cumberland County.

All northbound lanes of U.S. Highway 1 are closed in Wake County near Exit 41 for Ten Ten Road in Apex due to a crash. Tune into WRAL News, 99.3 FM or 101.5 FM for traffic updates. 

Crash closes all northbound lanes of US 1 in Apex near Ten Ten Road

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As the number of juvenile offenders climbs, the state is looking at alternatives crowded detention centers to make sure young people already convicted of crimes can turn their lives around. 

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More than $200 million in small business loans is coming to North Carolina as part of an ongoing federal program to help disadvantaged businesses.

THIS AND A LOOK AT OUR WETTEST COMING UP IN A FEW MINUTES DEB. ALL RIGHT, MIKE, THANKS. >> NORTH CAROLINA IS GETTING MORE THAN 200 MILLION DOLLARS WORTH OF HELP FOR SMALL BUSINESS OWNERS. IT'S PART OF A PROGRAM THAT'S ALREADY CREATED THOUSANDS OF JOBS IN THE STATE. WRAL'S KEENAN, WILLARD SHOWS US HOW THIS MONEY IS SET TO GO DIRECTLY TO COMMUNITIES IN NEED. AT THE ANNOUNCEMENT HERE THIS MORNING, STATE LEADERS SAID THIS IS A WIN FOR DISADVANTAGED BUSINESSES. WE WANT TO SHOW YOU EXACTLY HOW SMALL BUSINESSES CAN TAP INTO THIS MONEY. >> ROUND OF APPLAUSE FOR A MAJOR BOOST TO WORLD BUSINESS AT THE NC RURAL CENTER TODAY, NORTH CAROLINA AND FEDERAL LEADERS ANNOUNCED MORE THAN 200 MILLION DOLLARS IN AMERICAN RESCUE PLAN FUNDS FOR THE STATE SMALL BUSINESS CREDIT INITIATIVE HELPS PROVIDE LOANS TO SMALL BUSINESSES WHO MAY NOT BE ABLE TO SECURE THEM OTHERWISE. SO WE'RE GOING TO BE GIVING WANT MONEY THIS TIME IN ORDER TO MAKE SURE THAT SMALL BUSINESSES, WHICH ARE AT THE HEART OF NORTH CAROLINA'S ECONOMY, ARE ABLE TO EXPAND ITS NOT A NEW PROGRAM. NORTH CAROLINA GOT MORE THAN 44 MILLION DOLLARS FROM THE SSBCI STARTED BACK IN 2012 AND STATE LEADERS SAY THEY'VE ALREADY SEEN A BIG IMPACT. BUT WE'VE REACHED OVER 1200 SMALL BUSINESSES ACROSS THE STATE. THOSE BUSINESSES HAVE IN TURN CREATE OVER 16,000 JOBS IN THE STATE. WE'RE REALLY PROUD OF THE WORK. ONE OF THOSE SMALL BUSINESS OWNERS SITES LA WHO USE THE LOANS TO GROW HIS CHAIN OF EASTERN NORTH CAROLINA CONVENIENCE STORES. WE HIT THAT VANTAGE ABOUT TO MAKE OUR BUSINESS WE DO A BETTER FOR THE COMMUNITY WITH 4 TIMES AS MUCH MONEY IN THIS ROUND. THE STATE HOPES THE SSBCI WILL CREATE MORE THAN 60,000 JOBS OVER THE NEXT DECADE. WE HAVE HUNDREDS OF MILLIONS OF DOLLARS IS GOING TO STAY IN THE STATE FOR 10 YEARS. WHEN YOU SEE ALL KINDS OF LOANS, ALL KINDS OF JOBS. AND WE'RE VERY EXCITED. BUT WHO'S ELIGIBLE AND HOW TO GET THESE LOANS? SMALL BUSINESSES WITH LESS THAN 500 EMPLOYEES ARE ABLE TO APPLY, INCLUDING BOTH EXISTING BUSINESSES AND STARTUPS AS PART OF THE AGREEMENT. 33% OF THE TOTAL FUNDS WILL GO TO SMALL BUSINESS OWNERS WHO ARE WOMEN, PEOPLE OF COLOR OR FROM RURAL AREAS. BUSINESSES ALSO CAN SIGN UP ON THEIR OWN. THEY HAVE TO GO THROUGH THEIR LENDER TO APPLY. AND THAT IS THE BEST WAY FOR THEM IS TO ASK THEIR LENDERS THAT THEY'RE WORKING WITH. IF THEY USE THESE PROGRAMS, IF THEY'RE NOT, WE'LL GET THEM

Keenan Willard

Mark Bergin

$200 million in small business loans coming to North Carolina

american rescue plan,loan,loans,small business

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WRAL Late News 

Get the latest WRAL WeatherCenter Forecast whenever you need it, including the DUALDoppler5000 and the 7-Day Forecast.

All right. Hi, everyone. Meteorologist Anthony Baglione here in the Wral Severe Weather Center. We have a lot to talk about here as far as the weather is concerned as we get ready to head into the weekend for any plans going on, just everything across the area. Here's kind of a good look at what we're tracking in the next couple of days and even into this afternoon, we're going to see the cloud cover filling in some spotty evening rain and maybe some storms. I don't think it's gonna be a lot for us today. Severe chances though, arrive as we get into tomorrow. We're gonna talk about that here in just a second and then still a possibility of some rain as we get into our Sunday. So certainly looking like kind of an unsettled maybe movie weekend if you can. Here's future cast. So we're starting off the day with some sunshine peeking through the clouds. But as we go into the next couple of hours in this afternoon, most of the cloud cover that's currently back to our west that is going to start to fill in, we could see a stray shower. There's one o'clock, I think for the majority of us though this afternoon is looking just fine. We get into this evening scattered showers and storms. There will be a possibility. So if you're headed out to a movie tonight, you want to go to dinner. If you're headed out for any plans across the area, I would take the umbrella just in case we get into tomorrow morning. Contrary to what this model is showing, I do think we will see the potential for some showers early on, maybe a break around lunchtime and then another batch into the afternoon. It's the afternoon time frame where we could see some of these on the stronger side new this morning, the storm prediction center which is based out in Oklahoma. They're very skilled scientists at what they do. They look at kind of all the ingredients in the atmosphere of what we think potentially could happen and they do have a level two risk now outlined for Fayetteville, our southern counties there into tomorrow five is the highest, one is the lowest. What this is saying is we could see a few strong to severe storms with some damaging wind and maybe an isolated tornado. Keep checking back though. I can't stress that enough because this forecast is still kind of shifting as we speak. Just kind of getting better details on what potentially will happen. So just make sure to stay tuned until later on today. We have the Cultural Arts Festival. Of course, in Durham, 60 to 70% chance of rain. I think it's looking like it could be decently unsettled. 78 there for exposure as we head into our Saturday 70 on Sunday. Lots of events happening around town. I do think by the time we get to our Sunday afternoon evening, we start to quiet down and then warming right back up there to 88 degrees. By the time we get to Thursday of next week.

WRAL WeatherCenter Forecast

Nightly N.C. Education Lottery drawings during the 11 p.m. News.

Good evening. I'm Tina sold in cash with tonight's lottery drugs for Thursday. May 16, 2024. Here we go with the Carolina pick three. Our first winning number one. Second pick 32. 3rd winning number tonight is one and our pick three. Fireball number is also one. Joining me for tonight's drawing is our auditor from the Common and Jones L LP. Now it's time for the Carolina pick for here. We good luck. First winning number eight. Second pick for tonight is four, third pick 40. 4th winning number is one and our pick for fireball number is seven. Let's turn now to the Carolina cash five. If no one matches all five numbers to win the jackpot tonight, tomorrow's top prize is an estimated $120,000. First winning cash 5, 36. That's followed by 43 3rd cash five tonight. 15, 4th winning number five and good luck. Our final winning cash five number tonight is 40. The North Carolina education lottery has contributed over $10 billion to education. Thanks for your support and get the winning numbers every night right here.

Evening Pick 3 Pick 4 and Cash 5

Sky 5 is flying over the scene of a developing situation of a tanker truck fuel leak in Raleigh.

Sky 5 flies over the scene of a tanker truck fuel leak 

Daytime Pick 3 and Pick 4 drawings are held at 3 p.m. daily. They can be seen as live or on-demand video.

Good afternoon to you. I'm Noah Klein. Welcome to this afternoon. Joining us for Thursday, May 16th 2024. Let's get started. Carolina pick three. That first number is three. The second number is five. The third number is zero. Last number is six. Joining me for this afternoon's draw auditor from mcconnell and Jones. Now, let's with Caroline pick four. That first pick four number is zero zero. Fourth number is six pick where a firewall number is two. The North Carolina Education lottery contributed over $10 million in education. Thank you for your support.

Daytime Pick 3 and Pick 4 Drawing

The Second Quarter North Carolina Economic Forecast is held Thursday at UNC Charlotte. Economist John Connaughton will present his quarterly forecast on the North Carolina economy.

UNC Charlotte economist gives his NC economic forecast for 2024's 2nd quarter

On Thursday morning, hundreds of people are expected to gather at Halifax Mall in Raleigh to highlight the looming crisis they say will come with the expiration of federal funding.

Hundreds of child care providers rally in Raleigh

A statue of the late Rev. Billy Graham set to stand inside the U.S. Capitol to represent North Carolina will be unveiled Thursday.


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$200 million in small business loans coming to North Carolina

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$200 million in small business loans coming to North Carolina

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