{"id":17141,"date":"2013-01-18T14:44:25","date_gmt":"2013-01-18T19:44:25","guid":{"rendered":"http:\/\/www.raleighpublicrecord.org\/?p=17141"},"modified":"2013-01-18T14:44:25","modified_gmt":"2013-01-18T19:44:25","slug":"furniture-store-gets-citys-seventh-downtown-loan","status":"publish","type":"post","link":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/news\/city-council\/2013\/01\/18\/furniture-store-gets-citys-seventh-downtown-loan\/","title":{"rendered":"Furniture Store Gets City&#8217;s Seventh Downtown Loan"},"content":{"rendered":"<p>A program the Record <a href=\"http:\/\/www.raleighpublicrecord.org\/news\/2012\/03\/14\/downtown-loan-program-working-but-underutilized\/\" target=\"_blank\">once reported as underutilized<\/a> has seemingly gained momentum after Raleigh City Councilors this week approved the seventh loan through the city\u2019s Downtown Loan Program.<\/p>\n<p>Trig Modern LLC will receive $50,000 to renovate its new showroom on West Jones and Harrington streets.<\/p>\n<p>The Downtown Loan Program began in 2004. Trig&#8217;s loan is the last available until businesses repay their loans to refill the $300,000 pot. One Raleigh business, the Big Easy, has already repaid its loan.<\/p>\n<p>The 10-year loan will have an interest rate of 3.5 percent. Trig Modern estimates the cost of the improvements to be about $142,300 and will be footing most of the bill.<\/p>\n<p>Paul Reimel of the Downtown Raleigh Alliance told Councilors he received 25 inquires about the loan program in 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A program the Record once reported as underutilized has seemingly gained momentum after Raleigh City Councilors this week approved the seventh loan through the city\u2019s Downtown Loan Program.<\/p>\n","protected":false},"author":24029,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,15],"tags":[898,1136],"_links":{"self":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/17141"}],"collection":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/users\/24029"}],"replies":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/comments?post=17141"}],"version-history":[{"count":0,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/17141\/revisions"}],"wp:attachment":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media?parent=17141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/categories?post=17141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/tags?post=17141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}