PPP Loan information for Schammel electric, inc

$393,970

Schammel electric, inc was initially approved for PPP Loan of amount $393,970, the current approved amount is $393,970. The loan was approved on 04/08/2020 by The First Farmers & Merchants National Bank reported 14 jobs and $393,970 was used to fund payroll.

Schammel electric, inc is Existing or more than 2 years old

PPP Loan Search / MN / AUSTIN / Schammel electric, inc

SCHAMMEL ELECTRIC, INC

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHAMMEL ELECTRIC, INC

Borrower Address

1200 21ST AVE NE PO Box 735

Borrower City

AUSTIN

Borrower State

MN

Borrower Zip

55912-4100

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

393970.00

Current Approval Amount

393970.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38337

Servicing Lender Name

First Farmers & Merchants National Bank

Servicing Lender Address

303 E Main St

Servicing Lender City

LUVERNE

Servicing Lender State

MN

Servicing Lender Zip

56156-1901

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AUSTIN

Project County Name

MOWER

Project State

MN

Project Zip

55912-4100

CD

MN-01

Jobs Reported

14

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

393970.00

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

Subchapter S Corporation

Originating Lender Location Id

38337

Originating Lender

First Farmers & Merchants National Bank

Originating Lender City

LUVERNE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

398796.13

Forgiveness Date

06/24/2021

;