Governor Noem's Small Business Relief Fund Appropriate Eligibility Requirements:

1. Be a small for-profit or non-profit business as defined by SBA, but with less than 250 employees 2. Physical presence in South Dakota 3. Established prior to March 2020 4. Provide a written acknowledgement from a South Dakota bank and/or certified public accountant

that the applicant has made statements or otherwise provided information or evidence that supports applicant’s claim that applicant’s business has suffered a material negative impact from the COVID-19 pandemic.

5. Have a personal credit with a minimum score of 650; lower requires a special exception 6. Demonstrate 1:1 debt coverage ratio with the new debt factored under normal circumstances

Loan Details: A. Amount:

i. Min: $5,000 ii. Max: $75,000

iii. Maximum of 3 months operating expenses B. Terms:

i. Interest rate: 0% ii. Fees: none

C. Amortization: i. No payments for initial 6 months

ii. Maximum term of 60 months (prefer shorter term for smaller loans) iii. Automatic Payment Required iv. No pre-payment penalty

D. Security: i. Personal guaranties for any owner with at least a 20% share of the business

ii. A blanket security agreement iii. Loan over $25,000 may require additional collateral (mortgage, etc) iv. Loans will be made directly to small businesses

Loan Agreement Terms: • Proceeds from the loan must be held in a separate bank account at a bank in South Dakota. • Applicant must provide regular expenditure reports to GOED documenting that the use of proceeds

were used for normal recurring operating expenses. • Any funds remaining in the account after 3 month period will be paid back to GOED. • Proceeds may not be used for any distributions or dividends to owners.

• GOED makes no assurances as to how approval or denial of this application will impact the applicant’s ability to pursue other financing from the SBA or any other source.

• As a subfund of REDI, these loans will be subject to annual audit by Department of Legislative Audit

• Board of Economic Development will review Eligibility Requirements and Loan Terms; a public monthly report will be provided to them on loan activity.

• Loans will be approved by the Commissioner of the Governor’s Office of Economic Development* • All application materials are confidential. Name of all loan recipients will be a public record.

GOED expects high demand for these loans, and applications will be evaluated on a “first come, first served” basis.

*after consultation with the Credit Review Committee

Company Name Loan Amount City

1 Stop Travel Plaza, Inc. $ 50,000.00 Pierre3400 Watertown Holdings, Inc. (Country Inn & Suites) $ 75,000.00 Watertown5th & 5th $ 25,000.00 BrookingsAadland and Henriksen Dental Comfort Center, Inc. $ 75,000.00 Sioux FallsAbenov, LLC (Abenov Hospitality) $ 75,000.00 VermillionAberdeen Flying Service $ 75,000.00 AberdeenAbout You Physical Therapy PC $ 75,000.00 Rapid CityAJ's Wicked Salon & Spa, LLC $ 30,000.00 Rapid CityAlternative Health Centers, PC $ 20,000.00 WatertownAmes Electric, LLC $ 25,000.00 HuronAngels Attic Thrift Store $ 40,000.00 WatertownA.P. & Sons Construction, Inc. $ 75,000.00 SummitAshley Eichstadt (Boss Boutique) $ 25,000.00 HuronAusten LLC $ 35,000.00 MitchellAuto Doctor Inc. $ 75,000.00 SpearfishAuto Dynamics, Inc. $ 75,000.00 Sioux FallsAutomotive Service Center $ 75,000.00 BrookingsBar None, Inc. (Caboose Lounge) $ 5,000.00 MobridgeBaumann Lumber, Inc. $ 75,000.00 Fort PierreBeachair Enterprises, LLC $ 25,000.00 IpswichBHP Ventures, LLC (Quality Inn) $ 75,000.00 Sioux FallsBKB Corporation (Botski's Bar & Grill) $ 75,000.00 Sioux FallsBlackstone Enterprises, LLC (Elie Stone BRIDE) $ 55,000.00 CantonBlackstone Lodge & Suites, LLC $ 75,000.00 LeadBlue Cherry, LLC (Ode to Food) $ 75,000.00 Sioux FallsBob's Lounge, Inc. $ 25,000.00 PierreBroken Arrow Horse Camp $ 15,000.00 CusterBrothers Auto Sales, Inc. $ 75,000.00 Sioux FallsBuilders Solutions, LLC $ 20,000.00 MillerBurger's Place $ 25,000.00 IpswichBurke Restaurant, LLC ( Stella's) $ 45,000.00 BurkeCaliber, LLC $ 75,000.00 Lake NordenCatching Fireflies Boutique $ 50,000.00 AberdeenChehar, LLC (America's Best Value Inn) $ 40,000.00 Hot SpringsCheryl Schaefers (Cheryl's Catering and Ponderosa) $ 20,000.00 OrientChris Dickies Family Dentistry Prof., LLC $ 75,000.00 Sioux FallsCJ Biz Corp. (Whitetail Creek Resort) $ 15,000.00 LeadClay Dunes, LLC (Days Inn) $ 75,000.00 YanktonClimate Control, Inc. $ 75,000.00 AberdeenConnelly Tiehen and Sons, Inc. $ 75,000.00 North Sioux CityCountryside Bed & Biscuit $ 20,000.00 YanktonDakota Inn, LLC $ 75,000.00 HuronDakota Management Group, LLC (Roosevelt Inn) $ 50,000.00 KeystoneDarren Locke (Red Horse Restaurant & Lodge) $ 15,000.00 GrotonDaubys Midwest Sports, Inc. $ 30,000.00 Sioux FallsDavid St. John, LLC (The Barn) $ 10,000.00 BrookingsDells Electric, Inc. $ 75,000.00 Dell RapidsDH Ventures, Inc. (Tailgator's) $ 35,000.00 BrandonDJ Jer Events & Lighting Design, LLC $ 25,000.00 TeaDwayne R Ice, O.D. (Vision Source) $ 50,000.00 Rapid CityESCO Manufacturing $ 75,000.00 Watertown

Governor Noem's Small Business Relief Fund

Eastway Bowl, Inc. $ 75,000.00 Sioux FallsEmerald Pines Barn, LLC $ 45,000.00 Sioux FallsEvergreen Specialty Foods, LLC $ 75,000.00 CusterExpress Stop, LLC $ 70,000.00 WoonsocketFirst Dakota Enterprises, Inc. $ 75,000.00 Fort PierreForell Limousine Service, Inc. (Forell Limousine & Bus Service) $ 25,000.00 PierreGlen's Auto Sales $ 30,000.00 WatertownGLO Trucking, LLC $ 15,000.00 WorthingGourley Properties II, LLC $ 75,000.00 Sioux FallsGreat Plans Dental Prof., LLC $ 75,000.00 Sioux FallsGreenfield Pub $ 10,000.00 LeadGroven Enterprises, Inc. (American Pines Cabins) $ 25,000.00 KeystoneHamlin Building Center, Inc. $ 75,000.00 Lake NordenHardy Construction, Inc. $ 75,000.00 Sioux FallsHarihar, Inc. (Hampton Inn) $ 75,000.00 Sioux FallsHay Camp Brewing Co. $ 15,000.00 Rapid CityHeart of Dakota Publishing, Inc. $ 75,000.00 Dell RapidsHeart of the Hills Vacation Home, LLC $ 25,000.00 Hill CityHidden Hill Lodge, LLC $ 75,000.00 RoslynHIP Salon & Spa $ 15,000.00 AberdeenHoffberger Escape, LLC (Escape 605, LLC) $ 75,000.00 Sioux FallsHogies Inc. (Hogies Bar & Grill) $ 20,000.00 GlenhamHuron Super 8 $ 75,000.00 HuronIndependent Cycle Inc. (Legend Suspensions) $ 75,000.00 SturgisJabreshwar SD, LLC (Days Inn) $ 45,000.00 North Sioux CityJabreshwar SF, LLC (Baymont Inn) $ 75,000.00 Sioux FallsJackson Blvd Hospitality LLC (Days Inn West) $ 75,000.00 Rapid CityJackson Winery & Vineyards, LLC $ 50,000.00 SturgisJael Incorporated $ 20,000.00 BrookingsJake's Garage Inc. $ 75,000.00 SturgisJanet Rosenau (We Play Daycare and Preschool) $ 10,000.00 SpearfishJeff Bossman (JBS Concessions) $ 50,000.00 HartfordJimmy J's, LLC $ 25,000.00 RoslynJK Marketing, Inc. $ 20,000.00 Sioux FallsJPF Vacations, LLC $ 25,000.00 Hill CityKaail Hospitality, LLC (Super 8) $ 75,000.00 BeresfordKean Enterprises, LLC (El Jefe's Fresh-Mex Cantina) $ 5,000.00 LeadKepp's Foods $ 20,000.00 ScotlandKey City Enterprises (The Knuckle Brewing Company) $ 75,000.00 SturgisKJL Inc. (Sally O'Malley's Pub & Casino) $ 50,000.00 Rapid CityKromme's, LLC $ 10,000.00 Sioux FallsKSP Enterprises, LLC (Thomas & Company) $ 15,000.00 BrookingsKTD Enterprises, Inc. (Weathered Vane) $ 40,000.00 Rapid CityKucera Electric Inc. $ 75,000.00 WinnerLake City Cab Co. Inc. $ 10,000.00 WatertownLewis & Clark Lodging, LLC $ 75,000.00 YanktonLTZ, LLC (Hot Shots Bar) $ 50,000.00 MadisonLove Marlow, LLC $ 75,000.00 Sioux FallsLuxe Hair Studio, LLC $ 10,000.00 BrookingsM2 Hospitality, LLC (Super ) $ 75,000.00 SissetonMagic Maid of SD, LLC (Molly Maid of Sioux Falls) $ 50,000.00 Sioux FallsMaruti Hospitality, LLC (Country Inn & Suites) $ 75,000.00 Dakota DunesMaximum Promotions, Inc. $ 75,000.00 Sioux FallsMcNally's Irish Pub $ 75,000.00 Sioux FallsMichael Kruthoff (Mike's Furniture) $ 15,000.00 Redfield

REDFIELD

IPSWICH

MOBRIDGE

BRITTON

SISSETON

SUMMIT

MILBANK

ARLINGTON

MADISON

MILLER

BOX ELDER

LEAD DEADWOOD

HOT SPRINGSPLATTE

SCOTLAND

MARION

CANTON

BERESFORD

NORTH SIOUX CITY

WOONSOCKET

BURKE

CLEAR LAKE

CUSTER

KEYSTONEHILL CITY

HARTFORD

ORIENT

ROSLYN

LAKE NORDEN

DAKOTA DUNES

WORTHINGTEA

GLENHAM

WINNER

RAPID CITY

STURGISSPEARFISH

PIERRE

ABERDEEN

HURON

MITCHELL

WATERTOWN

BROOKINGS

YANKTON

VERMILLION

BRANDONSIOUX FALLS

FORT PIERRE

DELL RAPIDS

WEBSTER

GROTON

200 Approvals | 52 Cities | Totalling $10.5 Million

GOVERNOR NOEM’S SMALL BUSINESS RELIEF FUND

Midwest Ag Services, LLC $ 75,000.00 Lake NordenMidwest Concessions Inc. $ 75,000.00 HartfordMidwest Fidelity Partners, LLC (Silverstar Carwash) $ 75,000.00 Sioux FallsMiners Merchantile, LLC $ 25,000.00 CusterMinimax Inc. $ 75,000.00 Rapid CityMisty's Cuts & Curls $ 15,000.00 CusterMolly's Manor $ 10,000.00 PlatteMS Mail, LLC $ 20,000.00 DeadwoodMystique, LLC (Mystique Edge Day Sap & Salon) $ 20,000.00 Box ElderNanbai, LLC (EconoLodge) $ 40,000.00 Hot SpringsNaturebound Floral & Greenhouse $ 50,000.00 MillerNedved Media, Inc, $ 75,000.00 MitchellNicks LLC (Arlington Inn) $ 75,000.00 ArlingtonNilkanth, Inc. (Baymont Inn & Suites) $ 75,000.00 PierreNorthern Hills Hospitality, LLC (Black Hills Lodge) $ 70,000.00 SpearfishNorthern Plains Lumber Company, Inc. $ 75,000.00 BeresfordNorthland Auto Center, Inc. $ 75,000.00 WebsterOld Style Saloon No. 10, Inc. (Saloon 10) $ 75,000.00 DeadwoodOlde Mill Hospitality, Inc. (Super 8) $ 25,000.00 MilbankOutragrous Adventures, LLC $ 25,000.00 MobridgePaulson Dental $ 75,000.00 Sioux FallsPella Gateway, LLC $ 75,000.00 North Sioux CityPizza Mill, LLC $ 75,000.00 CusterPizza Ranch of Aberdeen $ 40,000.00 AberdeenPolly Shoe Store, LLC $ 25,000.00 MillerPraire Winds Broadcasting, Inc. $ 75,000.00 AberdeenPramukhraj Huron, LLC (Crossroads Hotel & Event Center) $ 75,000.00 HuronPramukhraj Pierre, LLC (Quality Inn) $ 75,000.00 PierreProfessional Hearing Services, Inc. $ 50,000.00 WatertownRapid City Gymnastics Academy $ 25,000.00 Rapid CityRapid City Hospitality (Rapid City GrandStay) $ 75,000.00 Rapid CityRay Built (605 Sheds) $ 25,000.00 HuronReiners Enterprises, LLC $ 75,000.00 Sioux FallsRevive Day Spa, Inc. $ 75,000.00 AberdeenRevs Blue Juice, LLC (Thunderbird Liquor) $ 35,000.00 HuronRichard Zimmerman Rentals $ 10,000.00 MobridgeRiverwinds, Inc. (Perkins Restaurant) $ 65,000.00 Fort PierreRocket Factor Timberworks, LLC $ 10,000.00 Rapid CityRust IV, LLC (RUST & Co.) $ 25,000.00 Sioux FallsSB Hartford, LLC (Comfort Inn Suites) $ 75,000.00 Sioux FallsSD Hospitality, Inc. (Country Inn & Suites) $ 75,000.00 BrookingsSai Hospitality, LLC (Ramada Inn) $ 75,000.00 Sioux FallsSalon Enterprises, Inc. (Salon One) $ 25,000.00 Rapid CitySatyrish 11, LLC (Travel Lodge) $ 50,000.00 YanktonShaw Fire and Safety $ 25,000.00 SpearfishShayona Hospitality, LLC (Super 8) $ 75,000.00 MadisonShenanigans $ 75,000.00 Sioux FallsShiv Hospitality, LLC (AmericInn) $ 71,000.00 MadisonShiv Shakti LLC (Days Inn) $ 75,000.00 WatertownShree Hari, Inc. (Super 8 by Wyndham) $ 75,000.00 BrookingsShree Nathji, Inc. (Hampton Inn & Suites) $ 75,000.00 BrookingsShreeji Hospitality LLC (Travelldoge by Wyndham) $ 75,000.00 Rapid CityShruti Barot/Dan and Dev, LLC (Super 8) $ 75,000.00 RedfieldSimply Perfect, LLC $ 75,000.00 Sioux FallsSioux Valley Repair, LLC $ 75,000.00 Watertown

SK Hartford, LLC (Redroof Inn) $ 75,000.00 Sioux FallsSkyline Recreation, Inc. (The Village Bowl) $ 45,000.00 AberdeenSmoking Gun $ 75,000.00 Rapid CitySodaco Inc. (Sleep Inn, Baymont Inn & Comfort Suites) $ 75,000.00 Rapid CitySouth Dakota Canine Center, LLC $ 25,000.00 SturgisSpire Properties, LLC $ 75,000.00 Lake NordenSummer Creek Inn, LLC $ 75,000.00 Rapid CitySwank Inc. (Shafer Memorials) $ 40,000.00 MitchellSwenson Sales & Service, Inc. $ 75,000.00 Clear LakeTGW Enterprises, LLC (Bob's Steam Carpet Cleaning) $ 40,000.00 Sioux FallsOutisde In, LLC $ 75,000.00 Rapid CityThe Barn, Inc. (Blue Haven Barn) $ 75,000.00 Sioux FallsThe Canton Barn, LLC $ 75,000.00 CantonThe Diamond Room, LLC $ 55,000.00 Sioux FallsThe Gym, Inc. $ 25,000.00 WatertownThe Treasury, LLC $ 35,000.00 Sioux FallsThomas Chase Concrete, Inc. $ 30,000.00 Sioux FallsThunder Road of Watertown, Inc. $ 25,000.00 WatertownTieszen Real Estate, LLC $ 15,000.00 MarionTown Hall Inn, LLC $ 30,000.00 LeadTran Nails Salon, LLC $ 25,000.00 SissetonTrilokpati, LLC (Quailty Inn Motel) $ 75,000.00 HuronTTT, Inc. (Tires Tires Tires) $ 75,000.00 Sioux FallsTrophies & Awards by Pam, LLC (JJ's Engraving & Sales) $ 10,000.00 Rapid CityTumble 4 U, LLC $ 45,000.00 Sioux FallsThe V LLC (Redroof Inn) $ 24,000.00 VermillionVerhulst Enterprises, Inc. (Warm Floor Designs) $ 75,000.00 SpearfishVishveshwara, LLC (Best Western Motel) $ 75,000.00 HuronVold Auctioneers and Realty, Inc. $ 75,000.00 BrittonVoorhees Hospitality, LLC (Whispering Winds Cottages & Campsites) $ 50,000.00 Hill CityWABR, Inc. (Werlinger Auto Body Repair) $ 75,000.00 SturgisWheelchair Express Sioux Falls $ 75,000.00 Sioux FallsWhispering Pines Gallery & Framing, Inc. (Jon Crane Gallery) $ 35,000.00 Hill CityWoonsocket Weber, LLC (Sanborn Weekly Journal) $ 25,000.00 WoonsocketYogi Cleaners Inc. (Super 8) $ 75,000.00 PierreYogi Holdings, Inc. (Super 8) $ 75,000.00 Sioux FallsYou've Been Framed, LLC $ 75,000.00 Sioux FallsZymurcracy Beer Company $ 75,000.00 Rapid CityZ & Z Hotels (Baymount by Wyndham) $ 75,000.00 Hot SpringsTotal: 200 $ 10,500,000.00