PPP Loan information for Schlemmer electric inc.

$90,400

Schlemmer electric inc. was initially approved for PPP Loan of amount $90,400, the current approved amount is $90,400. The loan was approved on 02/26/2021 by The Bridgewater Bank reported 8 jobs and $90,400 was used to fund payroll.

Schlemmer electric inc. is Existing or more than 2 years old

PPP Loan Search / MN / Bloomington / Schlemmer electric inc.

SCHLEMMER ELECTRIC INC.

Date Approved

02/26/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

SCHLEMMER ELECTRIC INC.

Borrower Address

10646 Kell Ave S

Borrower City

Bloomington

Borrower State

MN

Borrower Zip

55437-2931

Loan Status Date

09/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

90400.00

Current Approval Amount

90400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

436783

Servicing Lender Name

Bridgewater Bank

Servicing Lender Address

4450 Excelsior Blvd

Servicing Lender City

SAINT LOUIS PARK

Servicing Lender State

MN

Servicing Lender Zip

55416-5385

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bloomington

Project County Name

HENNEPIN

Project State

MN

Project Zip

55437-2931

CD

MN-03

Jobs Reported

8

NAICS Code

541990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

90400.00

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

436783

Originating Lender

Bridgewater Bank

Originating Lender City

SAINT LOUIS PARK

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

90781.41

Forgiveness Date

08/13/2021

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