PPP Loan information for Schmitty & sons holdings, inc.

$5,639,579

Schmitty & sons holdings, inc. was initially approved for PPP Loan of amount $5,639,579, the current approved amount is $5,639,579. The loan was approved on 04/28/2020 by The New Market Bank reported 500 jobs and $5,639,579 was used to fund payroll.

Schmitty & sons holdings, inc. is Existing or more than 2 years old

PPP Loan Search / MN / LAKEVILLE / Schmitty & sons holdings, inc.

SCHMITTY & SONS HOLDINGS, INC.

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHMITTY & SONS HOLDINGS, INC.

Borrower Address

22750 Pillsbury Avenue

Borrower City

LAKEVILLE

Borrower State

MN

Borrower Zip

55044-8345

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5639579.25

Current Approval Amount

5639579.25

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38673

Servicing Lender Name

New Market Bank

Servicing Lender Address

101 Old Town Rd

Servicing Lender City

ELKO NEW MARKET

Servicing Lender State

MN

Servicing Lender Zip

55054

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAKEVILLE

Project County Name

SCOTT

Project State

MN

Project Zip

55044-8345

CD

MN-02

Jobs Reported

500

NAICS Code

485410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

500000.00

Payroll Proceed

4639579.25

Mortgage Interest Proceed

500000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

38673

Originating Lender

New Market Bank

Originating Lender City

ELKO NEW MARKET

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

5701846.39

Forgiveness Date

06/16/2021

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