PPP Loan information for Schumacher excavating inc

$361,871

Schumacher excavating inc was initially approved for PPP Loan of amount $361,871, the current approved amount is $361,871. The loan was approved on 04/27/2020 by The Frandsen Bank & Trust reported 24 jobs and $361,871 was used to fund payroll.

Schumacher excavating inc is Existing or more than 2 years old

PPP Loan Search / MN / ZUMBROTA / Schumacher excavating inc

SCHUMACHER EXCAVATING INC

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHUMACHER EXCAVATING INC

Borrower Address

50 WARREN AVE

Borrower City

ZUMBROTA

Borrower State

MN

Borrower Zip

55992-1019

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

361870.59

Current Approval Amount

361870.59

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ZUMBROTA

Project County Name

GOODHUE

Project State

MN

Project Zip

55992-1019

CD

MN-01

Jobs Reported

24

NAICS Code

238910

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

361870.59

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

364484.10

Forgiveness Date

01/20/2021

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