Date Approved
04/27/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
MICHAEL J. SCHAFER
Borrower Address
14050 200TH ST SE
Borrower City
RED LAKE FALLS
Borrower State
MN
Borrower Zip
56750-8806
Loan Status Date
03/11/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
12700.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
75605
Servicing Lender Name
Unity Bank
Servicing Lender Address
207 W Lincoln St
Servicing Lender City
AUGUSTA
Servicing Lender State
WI
Servicing Lender Zip
54722-9161
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
RED LAKE
Project State
Project Zip
CD
MN-07
Jobs Reported
1
NAICS Code
111110
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
11700.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
1000.00
Debt Interest Proceed
0
Business Type
Sole Proprietorship
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
12800.19
Forgiveness Date
02/09/2021