PPP Loan information for Paul a. schmitt music company

$1,672,000

Paul a. schmitt music company was initially approved for PPP Loan of amount $1,672,000, the current approved amount is $1,672,000. The loan was approved on 04/10/2020 by The Old National Bank reported 237 jobs and $1,672,000 was used to fund payroll.

Paul a. schmitt music company is Existing or more than 2 years old

PPP Loan Search / MN / MINNEAPOLIS / Paul a. schmitt music company

PAUL A. SCHMITT MUSIC COMPANY

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PAUL A. SCHMITT MUSIC COMPANY

Borrower Address

2400 FREEWAY BLVD

Borrower City

MINNEAPOLIS

Borrower State

MN

Borrower Zip

55430-1709

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1672000.00

Current Approval Amount

1672000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MINNEAPOLIS

Project County Name

HENNEPIN

Project State

MN

Project Zip

55430-1709

CD

MN-05

Jobs Reported

237

NAICS Code

423990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1672000.00

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

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1672290.74

Forgiveness Date

12/02/2020

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