Paul A. Schmitt Music Company
$1,672,000 PPP Loan in Minneapolis, Minnesota
Loan Details
- Loan Number
- 1794627107
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,672,000
- Current Approval
- $1,672,000
- Forgiveness Amount
- $1,682,372
- Forgiveness Date
- Feb 12, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Paul A. Schmitt Music Company
- Address
- 2400 Freeway Blvd
- City
- Minneapolis
- State
- Minnesota
- ZIP Code
- 55430-1709
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423990)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 237
- Estimated Revenue
- $72.6M
- Rural/Urban
- Urban
- Congressional District
- MN-05
Loan Use Breakdown
- Payroll
- $1,672,000
Lender Information
- Servicing Lender
- Old National Bank
- Originating Lender
- Old National Bank
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|---|---|---|
| Adams Communications Company, LLC | $10,000,000 | |
| Young Mens Christian Association of the North | $10,000,000 | |
| Border Foods INC | $10,000,000 | |
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