PPP Loan information for Schmidt excavating

$40,690

Schmidt excavating was initially approved for PPP Loan of amount $28,300, the current approved amount is $40,690. The loan was approved on 04/27/2020 by The FM Bank reported 2 jobs and $40,690 was used to fund payroll.

Schmidt excavating is Existing or more than 2 years old

PPP Loan Search / MN / BATTLE LAKE / Schmidt excavating

SCHMIDT EXCAVATING

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHMIDT EXCAVATING

Borrower Address

35207 235TH ST

Borrower City

BATTLE LAKE

Borrower State

MN

Borrower Zip

56515-9117

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

28300.00

Current Approval Amount

40690.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38192

Servicing Lender Name

FM Bank

Servicing Lender Address

702 Prentice St

Servicing Lender City

GRANITE FALLS

Servicing Lender State

MN

Servicing Lender Zip

56241-1541

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BATTLE LAKE

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56515-9117

CD

MN-07

Jobs Reported

2

NAICS Code

212321

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

40690.00

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

Sole Proprietorship

Originating Lender Location Id

38192

Originating Lender

FM Bank

Originating Lender City

GRANITE FALLS

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

40908.50

Forgiveness Date

11/17/2020

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