PPP Loan information for Schulz electric inc.

$117,917

Schulz electric inc. was initially approved for PPP Loan of amount $117,917, the current approved amount is $117,917. The loan was approved on 02/03/2021 by The Merchants Bank, National Association reported 8 jobs and $117,917 was used to fund payroll.

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

PPP Loan Search / MN / Northfield / Schulz electric inc.

SCHULZ ELECTRIC INC.

Date Approved

02/03/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

SCHULZ ELECTRIC INC.

Borrower Address

32110 Dresden Ave

Borrower City

Northfield

Borrower State

MN

Borrower Zip

55057-5416

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

117917.00

Current Approval Amount

117917.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Northfield

Project County Name

DAKOTA

Project State

MN

Project Zip

55057-5416

CD

MN-02

Jobs Reported

8

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

117914.00

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

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

118401.77

Forgiveness Date

07/02/2021

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