PPP Loan information for Schumacher electric inc

$41,904

Schumacher electric inc was initially approved for PPP Loan of amount $41,904, the current approved amount is $41,904. The loan was approved on 04/09/2020 by The Keen Bank National Association reported 4 jobs and $41,904 was used to fund payroll.

Schumacher electric inc is Existing or more than 2 years old

PPP Loan Search / MN / WASECA / Schumacher electric inc

SCHUMACHER ELECTRIC INC

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHUMACHER ELECTRIC INC

Borrower Address

112 10th Ave SE

Borrower City

WASECA

Borrower State

MN

Borrower Zip

56093-3122

Loan Status Date

01/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

41904.00

Current Approval Amount

41904.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38998

Servicing Lender Name

Keen Bank National Association

Servicing Lender Address

101 N State St

Servicing Lender City

WASECA

Servicing Lender State

MN

Servicing Lender Zip

56093-2928

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WASECA

Project County Name

WASECA

Project State

MN

Project Zip

56093-3122

CD

MN-01

Jobs Reported

4

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1000.00

Payroll Proceed

35000.00

Mortgage Interest Proceed

0.00

Rent Proceed

5904.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38998

Originating Lender

Keen Bank National Association

Originating Lender City

WASECA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

42162.41

Forgiveness Date

11/27/2020

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