PPP Loan information for Schmidt logistics inc

$16,400

Schmidt logistics inc was initially approved for PPP Loan of amount $16,400, the current approved amount is $16,400. The loan was approved on 04/10/2020 by The Magnifi Financial CU reported 2 jobs and $16,400 was used to fund payroll.

Schmidt logistics inc is Existing or more than 2 years old

PPP Loan Search / MN / NEW LONDON / Schmidt logistics inc

SCHMIDT LOGISTICS INC

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHMIDT LOGISTICS INC

Borrower Address

8422 COUNTY ROAD 40 NE

Borrower City

NEW LONDON

Borrower State

MN

Borrower Zip

56273-9720

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

16400.00

Current Approval Amount

16400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW LONDON

Project County Name

KANDIYOHI

Project State

MN

Project Zip

56273-9720

CD

MN-07

Jobs Reported

2

NAICS Code

484122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1000.00

Payroll Proceed

13500.00

Mortgage Interest Proceed

0.00

Rent Proceed

1900.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

16570.29

Forgiveness Date

04/28/2021

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