PPP Loan information for Schumacher electric inc.

$497,800

Schumacher electric inc. was initially approved for PPP Loan of amount $497,800, the current approved amount is $497,800. The loan was approved on 04/06/2020 by The Oxford Bank reported 34 jobs and $497,800 was used to fund payroll.

Schumacher electric inc. is Existing or more than 2 years old

PPP Loan Search / MI / ORTONVILLE / Schumacher electric inc.

SCHUMACHER ELECTRIC INC.

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SCHUMACHER ELECTRIC INC.

Borrower Address

3690 HICKORY RIM DR

Borrower City

ORTONVILLE

Borrower State

MI

Borrower Zip

48462-8005

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

497800.00

Current Approval Amount

497800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36206

Servicing Lender Name

Oxford Bank

Servicing Lender Address

60 S Washington St

Servicing Lender City

OXFORD

Servicing Lender State

MI

Servicing Lender Zip

48371-4972

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ORTONVILLE

Project County Name

OAKLAND

Project State

MI

Project Zip

48462-8005

CD

MI-08

Jobs Reported

34

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

497800.00

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

36206

Originating Lender

Oxford Bank

Originating Lender City

OXFORD

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

501740.92

Forgiveness Date

01/26/2021

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