PPP Loan information for Schumacher electric inc

$181,400

Schumacher electric inc was initially approved for PPP Loan of amount $181,400, the current approved amount is $181,400. The loan was approved on 04/06/2020 by The Timberland Bank reported 9 jobs and $181,400 was used to fund payroll.

Schumacher electric inc is Existing or more than 2 years old

SCHUMACHER ELECTRIC INC

Date Approved

04/06/2020

SBA Office Code

1013

Processing Method

PPP

Borrower Name

SCHUMACHER ELECTRIC INC

Borrower Address

304 W MAIN ST #7

Borrower City

ELMA

Borrower State

WA

Borrower Zip

98541-9294

Loan Status Date

12/04/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

181400.00

Current Approval Amount

181400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79380

Servicing Lender Name

Timberland Bank

Servicing Lender Address

624 Simpson Ave

Servicing Lender City

HOQUIAM

Servicing Lender State

WA

Servicing Lender Zip

98550-3623

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELMA

Project County Name

GRAYS HARBOR

Project State

WA

Project Zip

98541-9294

CD

WA-06

Jobs Reported

9

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

181400.00

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

79380

Originating Lender

Timberland Bank

Originating Lender City

HOQUIAM

Originating Lender State

WA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

182483.43

Forgiveness Date

11/23/2020

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