PPP Loan information for Schmoll's welding inc.

$24,800

Schmoll's welding inc. was initially approved for PPP Loan of amount $24,800, the current approved amount is $24,800. The loan was approved on 03/10/2021 by The FM Bank reported 4 jobs and $24,800 was used to fund payroll.

Schmoll's welding inc. is Existing or more than 2 years old

PPP Loan Search / MN / Olivia / Schmoll's welding inc.

SCHMOLL'S WELDING INC.

Date Approved

03/10/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHMOLL'S WELDING INC.

Borrower Address

77367 320th St

Borrower City

Olivia

Borrower State

MN

Borrower Zip

56277-2558

Loan Status Date

08/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

24800.00

Current Approval Amount

24800.00

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

Olivia

Project County Name

RENVILLE

Project State

MN

Project Zip

56277-2558

CD

MN-07

Jobs Reported

4

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

24797.00

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

38192

Originating Lender

FM Bank

Originating Lender City

GRANITE FALLS

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

24904.64

Forgiveness Date

08/16/2021

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