PPP Loan information for Schumacher electric corporation

$1,964,000

Schumacher electric corporation was initially approved for PPP Loan of amount $1,964,000, the current approved amount is $1,964,000. The loan was approved on 04/27/2020 by The Lake Michigan CU reported 126 jobs and $1,964,000 was used to fund payroll.

Schumacher electric corporation is Existing or more than 2 years old

PPP Loan Search / IL / MOUNT PROSPECT / Schumacher electric corporation

SCHUMACHER ELECTRIC CORPORATION

Date Approved

04/27/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

SCHUMACHER ELECTRIC CORPORATION

Borrower Address

801 E Business Center Dr

Borrower City

MOUNT PROSPECT

Borrower State

IL

Borrower Zip

60056-2179

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1964000.00

Current Approval Amount

1964000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98993

Servicing Lender Name

Lake Michigan CU

Servicing Lender Address

5540 Glenwood Hills Pkwy SE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49512-2044

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOUNT PROSPECT

Project County Name

COOK

Project State

IL

Project Zip

60056-2179

CD

IL-05

Jobs Reported

126

NAICS Code

335999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1964000.00

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

111774

Originating Lender

Pilot Bank

Originating Lender City

TAMPA

Originating Lender State

FL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1986967.89

Forgiveness Date

07/02/2021

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