PPP Loan information for Schaal heating and cooling inc

$864,050

Schaal heating and cooling inc was initially approved for PPP Loan of amount $864,050, the current approved amount is $864,050. The loan was approved on 04/06/2020 by The Grinnell State Bank reported 65 jobs and $864,050 was used to fund payroll.

Schaal heating and cooling inc is Existing or more than 2 years old

PPP Loan Search / IA / DES MOINES / Schaal heating and cooling inc

SCHAAL HEATING AND COOLING INC

Date Approved

04/06/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

SCHAAL HEATING AND COOLING INC

Borrower Address

2701 6th Ave

Borrower City

DES MOINES

Borrower State

IA

Borrower Zip

50313-4124

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

864049.50

Current Approval Amount

864049.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25054

Servicing Lender Name

Grinnell State Bank

Servicing Lender Address

814 4th Ave

Servicing Lender City

GRINNELL

Servicing Lender State

IA

Servicing Lender Zip

50112-2041

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DES MOINES

Project County Name

POLK

Project State

IA

Project Zip

50313-4124

CD

IA-03

Jobs Reported

65

NAICS Code

238220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

800000.00

Mortgage Interest Proceed

44049.50

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25054

Originating Lender

Grinnell State Bank

Originating Lender City

GRINNELL

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

870694.86

Forgiveness Date

01/19/2021

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