PPP Loan information for Schrader excavating & grading co.

$603,400

Schrader excavating & grading co. was initially approved for PPP Loan of amount $603,400, the current approved amount is $603,400. The loan was approved on 04/04/2020 by The Farmers & Merchants Savings Bank reported 58 jobs and $603,400 was used to fund payroll.

Schrader excavating & grading co. is Existing or more than 2 years old

PPP Loan Search / IA / WALFORD / Schrader excavating & grading co.

SCHRADER EXCAVATING & GRADING CO.

Date Approved

04/04/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

SCHRADER EXCAVATING & GRADING CO.

Borrower Address

300 Hwy 151 E

Borrower City

WALFORD

Borrower State

IA

Borrower Zip

52351-5458

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

603400.00

Current Approval Amount

603400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25211

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

MANCHESTER

Servicing Lender State

IA

Servicing Lender Zip

52057-1736

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WALFORD

Project County Name

BENTON

Project State

IA

Project Zip

52351-5458

CD

IA-02

Jobs Reported

58

NAICS Code

238910

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

603400.00

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

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

607389.14

Forgiveness Date

12/08/2020

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