In accordance with the Small Enterprise Administration, in 2020, almost 21,000 North Dakota companies acquired loans from the Paycheck Safety Program.
For some firms, these funds helped preserve their doorways open.
A Minot small enterprise proprietor who acquired a mortgage by means of this system says the funds went on to maintaining her three full-time staff on payroll.
“I strongly consider that this has helped us survive these first few months of maintaining our enterprise working,” mentioned Artmain proprietor Beth Kjelson.
By this system, North Dakota companies have acquired $ 1.eight billion.