PPP Loan information for Schott distributing company, inc.

$1,102,000

Schott distributing company, inc. was initially approved for PPP Loan of amount $1,102,000, the current approved amount is $1,102,000. The loan was approved on 04/05/2020 by The CIBC Bank USA reported 78 jobs and $1,102,000 was used to fund payroll.

Schott distributing company, inc. is Existing or more than 2 years old

PPP Loan Search / MN / ROCHESTER / Schott distributing company, inc.

SCHOTT DISTRIBUTING COMPANY, INC.

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHOTT DISTRIBUTING COMPANY, INC.

Borrower Address

6735 HIGHWAY 14 E

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55904-8679

Loan Status Date

03/08/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1102000.00

Current Approval Amount

1102000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116998

Servicing Lender Name

CIBC Bank USA

Servicing Lender Address

120 S LaSalle St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-3403

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55904-8679

CD

MN-01

Jobs Reported

78

NAICS Code

424810

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1102000.00

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

Corporation

Originating Lender Location Id

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1112778.47

Forgiveness Date

04/08/2021

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