PPP Loan information for Schatt's electric inc

$28,000

Schatt's electric inc was initially approved for PPP Loan of amount $28,000, the current approved amount is $28,000. The loan was approved on 04/10/2020 by The Midwest Bank reported 4 jobs and $28,000 was used to fund payroll.

Schatt's electric inc is Existing or more than 2 years old

PPP Loan Search / MN / DETROIT LAKES / Schatt's electric inc

SCHATT'S ELECTRIC INC

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHATT'S ELECTRIC INC

Borrower Address

521 S SHORE DR

Borrower City

DETROIT LAKES

Borrower State

MN

Borrower Zip

56501-4829

Loan Status Date

02/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

28000.00

Current Approval Amount

28000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39006

Servicing Lender Name

Midwest Bank

Servicing Lender Address

613 Hwy 10 E

Servicing Lender City

DETROIT LAKES

Servicing Lender State

MN

Servicing Lender Zip

56501-4127

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DETROIT LAKES

Project County Name

BECKER

Project State

MN

Project Zip

56501-4829

CD

MN-07

Jobs Reported

4

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

28000.00

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

Corporation

Originating Lender Location Id

39006

Originating Lender

Midwest Bank

Originating Lender City

DETROIT LAKES

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

28203.29

Forgiveness Date

01/07/2021

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