PPP Loan information for Schafer electric

$25,200

Schafer electric was initially approved for PPP Loan of amount $25,200, the current approved amount is $25,200. The loan was approved on 04/16/2020 by The Unity Bank reported 2 jobs and $25,200 was used to fund payroll.

Schafer electric is Existing or more than 2 years old

PPP Loan Search / MN / RED LAKE FALLS / Schafer electric

SCHAFER ELECTRIC

Date Approved

04/16/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHAFER ELECTRIC

Borrower Address

16483 120TH AVE SW

Borrower City

RED LAKE FALLS

Borrower State

MN

Borrower Zip

56750-8971

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

25200.00

Current Approval Amount

25200.00

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

RED LAKE FALLS

Project County Name

RED LAKE

Project State

MN

Project Zip

56750-8971

CD

MN-07

Jobs Reported

2

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

25200.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Partnership

Originating Lender Location Id

75605

Originating Lender

Unity Bank

Originating Lender City

AUGUSTA

Originating Lender State

WI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

25400.90

Forgiveness Date

02/03/2021

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