PPP Loan information for Schumacher well drilling

$47,500

Schumacher well drilling was initially approved for PPP Loan of amount $47,000, the current approved amount is $47,500. The loan was approved on 04/03/2020 by The Iowa State Bank reported 6 jobs and $47,500 was used to fund payroll.

Schumacher well drilling is Existing or more than 2 years old

PPP Loan Search / IA / ALGONA / Schumacher well drilling

SCHUMACHER WELL DRILLING

Date Approved

04/03/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

SCHUMACHER WELL DRILLING

Borrower Address

2201 Slagle Dr

Borrower City

ALGONA

Borrower State

IA

Borrower Zip

50511-7196

Loan Status Date

11/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

47000.00

Current Approval Amount

47500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24540

Servicing Lender Name

Iowa State Bank

Servicing Lender Address

5 E Call St

Servicing Lender City

ALGONA

Servicing Lender State

IA

Servicing Lender Zip

50511-2402

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALGONA

Project County Name

KOSSUTH

Project State

IA

Project Zip

50511-7196

CD

IA-04

Jobs Reported

6

NAICS Code

237110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

47500.00

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

24540

Originating Lender

Iowa State Bank

Originating Lender City

ALGONA

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

47740.14

Forgiveness Date

10/13/2020

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