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Sunday Business Briefs, 11-18-18

Business optimism hits record highs


RALEIGH — Small business optimism continued its two-year streak of record highs, according to the NFIB Small Business Optimism Index October reading of 107.4. Overall, small businesses continue to support the 3 percent-plus growth of the economy and add significant numbers of new workers to the employment pool. Owners believe the current period is a good time to expand substantially, are planning to invest in more inventory and are reporting high sales figures. Seasonally adjusted, 30 percent of owners think the current period is a good time to expand substantially. Although politics matter, the index indicates that economic factors are the main drivers of expansion decisions.


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BB&T expands rec lending


WINSTON-SALEM — BB&T Corporation (NYSE: BBT) announced a new strategy for nationwide expansion of its recreational lending for RV and marine vehicles, widening its specialized lending services beyond BB&T’s current 15-state footprint. The expansion leverages BB&T’s Recreation Lending team’s 100 years of combined lending experience to provide a full suite of financing solutions for dealers, from onboarding through loan funding, for both new and used units. Headquartered in Greensboro, BB&T Recreational Lending is a division of BB&T Dealer Retail Services. For more information, call 866-729-9248 or email at RecLendingDealerSetup@BBandT.com.

Spread holiday joy through fundraisers

The holiday season is fast approaching with Christmas decorations littering the aisles of stores and festive music already tinkling on the radio.

Among the festivities and parades this season, the community can expect to see local community members actively working to spread the joy of giving. Non-profit organizations in Onslow County are commencing holiday fundraisers and drives to help individuals and families in need.

Christmas Cheer, a well-known holiday drive within the community, is beginning to accept donations of toys, clothing, food, and other necessities, especially for those affected by Hurricane Florence.

“Many of the families that were economically challenged before the storm lost everything, including personal and household items,” Theo McClammy, the executive director of Onslow Community Outreach, said. “So, families are looking towards us to help this holiday season.”

McClammy stated that last year Christmas Cheer received over 1,200 applications helping an estimated total of 5,000 people. This year, due to the storm, it is expected that they will receive an additional 300 applications.