PPP Loan information for Schut feedlot inc

$124,840

Schut feedlot inc was initially approved for PPP Loan of amount $124,840, the current approved amount is $124,840. The loan was approved on 02/01/2021 by The Peoples Bank reported 12 jobs and $124,840 was used to fund payroll.

Schut feedlot inc is Existing or more than 2 years old

PPP Loan Search / IA / Sioux Center / Schut feedlot inc

SCHUT FEEDLOT INC

Date Approved

02/01/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

SCHUT FEEDLOT INC

Borrower Address

3940 Hickory Ave

Borrower City

Sioux Center

Borrower State

IA

Borrower Zip

51250-7584

Loan Status Date

11/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

124840.00

Current Approval Amount

124840.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25196

Servicing Lender Name

Peoples Bank

Servicing Lender Address

1230 Valley Dr

Servicing Lender City

ROCK VALLEY

Servicing Lender State

IA

Servicing Lender Zip

51247-1538

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Sioux Center

Project County Name

SIOUX

Project State

IA

Project Zip

51250-7584

CD

IA-04

Jobs Reported

12

NAICS Code

112112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

124838.00

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

25196

Originating Lender

Peoples Bank

Originating Lender City

ROCK VALLEY

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

125752.03

Forgiveness Date

10/27/2021

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