Plans for Live Oak Bank’s small business center, Channel, progress

Plans are on track for Live Oak Bank to open an inclusive small business center in downtown Wilmington next year.

Bank officials said in May that Live Oak leased 5,000 square feet at 106 Market St., above the restaurant Seabird, for the center, which has been dubbed “Channel.”

A sign for Channel has been installed on the building, an historical structure that’s also occupied by kitchen industry manufacturer Kesseböhmer USA Inc.

No other details about Channel were available as of Tuesday, but more information about the center is expected to be released early next year, said Claire Parker, Live Oak Bank spokeswoman.

Channel is being led by Live Oak employees Chakema Clinton-Quintana, inclusive small business manager, and Jamar Jenkins, inclusive small business specialist.

The center could help provide various capital solutions, “which could be microloans, SBA loans; there’s various grant programs,” said Huntley Garriott, president of Live Oak Bank, in

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Forecast of record receipts signals thriving ag economy | Business

At the Kentucky Farm Bureau Commodity Conference and Annual Meeting last week, University of Kentucky agricultural economists predicted the state’s 2021 agricultural receipts will exceed $6.7 billion. If realized, this will be a new record, surpassing the previous record of $6.5 billion in 2014 and the $5.5 billion average over the past five years. They expect net farm income to approach $2.5 billion, which is the highest since 2013.

Kentucky’s agriculture sectors powered through many challenges caused by the COVID-19 pandemic and are in the midst of tremendous economic growth due to increases in grain exports, strong crop yields and a high global demand for meats. As a result, corn and soybeans are tied with poultry as the state’s top agricultural commodities in 2021. Each comprises 18% of all projected sales.

“Nationwide, grain inventory was lower at the beginning of 2021, and with increased exports, our stocks dropped even more

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Researchers Dig Into How the Pandemic Is Impacting Business

During the 2020 pandemic lockdown, many high school students embraced innovation. For Caleb A., a senior at Sandy Creek High School in Tyrone, Georgia, that took the form of Up Next Finance, a website to help high school students understand investing, economics and personal finance. “My mission is to help people learn about finance and create a better life for themselves,” says Caleb, who has also turned to TikTok to share finance tips.

Like any good researcher, Caleb couldn’t help but observe the shifting financial scene during COVID, initially with a plummeting stock market that was 30% off its high. That volatile landscape prompted him to also write Teenage CFO, a book on finance that includes a case study about how the pandemic is affecting business.

“My overarching point is that certain industries benefited from the pandemic, while others saw catastrophic effects happen to them,” notes

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Business and Commercial Banking Differences and What it Means for Your Business

The commercial banking term is mostly used synonymously with business banking in many parts of the world. A business bank account lets individuals separate their business finances from personal accounts, making it easier to track business funds.

Well-known banks have traditionally provided business banking. In recent years, there’s been a revolution in banking as online banks, otherwise known as challenger banks, also started providing stronger competition in the business banking sector.

These days, businesses have much more choice, as online banks are starting to offer accounts with online tools that allow businesses to keep track of things like expenses and tax bills.

Typical business bank account features

A typical bank will feature deposits and withdrawals, standing orders and direct debits, bank transfers, overdraft facility, and access to debit and credit cards. Moreover, most banks now also offer online and app banking, telephone banking, and accounting tools.

Main differences between business

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