PPP Loan information for Schott electric co. inc

$87,500

Schott electric co. inc was initially approved for PPP Loan of amount $87,500, the current approved amount is $87,500. The loan was approved on 04/27/2020 by The Springs Valley Bank & Trust Company reported 10 jobs and $87,500 was used to fund payroll.

Schott electric co. inc is Existing or more than 2 years old

PPP Loan Search / IN / DUBOIS / Schott electric co. inc

SCHOTT ELECTRIC CO. INC

Date Approved

04/27/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

SCHOTT ELECTRIC CO. INC

Borrower Address

3988 4TH ST

Borrower City

DUBOIS

Borrower State

IN

Borrower Zip

47527-9758

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

87500.00

Current Approval Amount

87500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23165

Servicing Lender Name

Springs Valley Bank & Trust Company

Servicing Lender Address

8482 W State Road 56

Servicing Lender City

FRENCH LICK

Servicing Lender State

IN

Servicing Lender Zip

47432-9619

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DUBOIS

Project County Name

DUBOIS

Project State

IN

Project Zip

47527-9758

CD

IN-08

Jobs Reported

10

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

87500.00

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

23165

Originating Lender

Springs Valley Bank & Trust Company

Originating Lender City

FRENCH LICK

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

88142.47

Forgiveness Date

02/09/2021

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