The North Dakota Opportunity Fund has funded another small business through its Disaster Loan Assistance Program. Unique Attractions Hair Salon in Linton received funding through the program, which was established to provide working capital loans for businesses adversely impacted by the COVID-19 pandemic.
Unique Attractions, a full-service hair and nail salon, was started in 2006 by Melissa Goebel. Governor Doug Burgum’s March executive order closed down all salons as part of the state’s public health efforts to slow the spread of the Coronavirus.
“I have been doing hair for 18 years and have never been from work this long,” said Goebel. “I closed March 23 as a safety precaution for myself and clients. The closure really hit my bottom-line.”
Goebel applied for the SBA’s Emergency Injury Disaster Loan (EIDL), but also applied for the NDOF disaster loan as a means of more quickly securing finances.
“The goal of disaster loan program all along has been to provide the short-term bridge financing for small businesses to get through this crisis,” states LCD Group Commercial Lending Director Matt Burthold.
“We can see the difference this financing has made for Unique Attractions and other small businesses. Because Lewis and Clark Development Group was able to meet Unique Attractions’ immediate needs, Melissa’s business will be able to recover from this crisis.”
Lewis & Clark Executive Director Brent Ekstrom echoes Burthold, noting: “Our philosophy at Lewis and Clark Development Group in normal times is it is best to do more together. During these times, our commitment is to do whatever it takes to keep small businesses like Unique Attractions afloat.”