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EIDL loan repayments to begin

Repayment deferment on a number of Economic Injury Disaster Loans will be ending soon, according to the Small Business Administration. The SBA approved 6,552 Economic Injury Disaster Loans (EIDL) in North Dakota, totaling over $745 million. The EIDL program is designed to provide small businesses with working capital needed to overcome the negative financial impacts of a declared disaster. The program has a 30-year maturity. Under the COVID disaster declaration, EIDL loan payments are deferred for two years, with principal and interest payments required over the remaining 28 ...

Futures Files

Gas and crude blow up as Gulf sale is canceled Both natural gas and West Texas crude oil prices exploded into new contract highs Friday on the news a federal judge would void the largest offshore U.S. sale of oil and gas acreage in history. A U.S. District Court judge declared the Gulf of Mexico deal invalid due to faulty environmental analysis used in a regulatory decision. Energy markets have been racing sharply higher for two months on fears Russia would invade Ukraine. Many analysts forecast $100 per barrel crude if demand continues to rise at the current pace and an invasion ...

Millennial Money: Just how passive is passive income?

The opportunity to make money while we sleep is one few of us would turn down. And passive income, at face value, suggests we can do just that. Social media is chock-full of influencers telling us how to make passive income. And while many of those content creators do actually earn money even when they’re not on the clock, fewer of them are forthcoming about the work required to get there. “A lot of people are surprised by how much work it takes because I think a lot of people who are earning a passive income are talking about how great it is having earned that,” says Pat ...

Local sweet shop offers cupcakes, coffee and charcuterie

Well-lit and decorated with white tables and an array of pink flowers, Guilty Sweets & Charcuterie is a stark contrast to the frozen streets just outside its doors. The sweet shop opened on Dec. 18, 2021, at 3 1st St. SE, Suite 2, just east of Prairie Sky Breads. They offer cupcakes, ...

Futures Files

Crude moves with Russian troops President Biden threatened severe economic sanctions and transfer of U.S. weapons to Kyiv if Russia moves troops across the Ukrainian border. Although all markets could be impacted by any military confrontation, crude spiked to new highs and seemed especially sensitive as negotiations and diplomacy were weighed by politicians and investors alike. Other NATO members, especially Germany—terminal of the natural gas Nord Stream pipeline—were also watched closely since each plays a role in determining the region’s reactions should Putin decide to ...

Murphy Motors moves locations

Murphy Motors Next to New Minot celebrated the move to their new location at 800 20th Ave SW in Minot. The Minot Area Chamber EDC conducted a ribbon-cutting ceremony on Friday to commemorate the milestone. They sell used cars, trucks, and SUVs. Jason Soine owns the dealership.