PPP Loan information for Schwan electric, inc.

$272,300

Schwan electric, inc. was initially approved for PPP Loan of amount $272,300, the current approved amount is $272,300. The loan was approved on 04/14/2020 by The Dacotah Bank reported 21 jobs and $272,300 was used to fund payroll.

Schwan electric, inc. is Existing or more than 2 years old

PPP Loan Search / SD / ABERDEEN / Schwan electric, inc.

SCHWAN ELECTRIC, INC.

Date Approved

04/14/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

SCHWAN ELECTRIC, INC.

Borrower Address

801 RAILROAD AVE SE

Borrower City

ABERDEEN

Borrower State

SD

Borrower Zip

57401-4617

Loan Status Date

04/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

272300.00

Current Approval Amount

272300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66384

Servicing Lender Name

Dacotah Bank

Servicing Lender Address

308 S Main St

Servicing Lender City

ABERDEEN

Servicing Lender State

SD

Servicing Lender Zip

57401-4146

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ABERDEEN

Project County Name

BROWN

Project State

SD

Project Zip

57401-4617

CD

SD-

Jobs Reported

21

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

27200.00

Payroll Proceed

217900.00

Mortgage Interest Proceed

0.00

Rent Proceed

27200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

66384

Originating Lender

Dacotah Bank

Originating Lender City

ABERDEEN

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

274266.61

Forgiveness Date

01/07/2021

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