Schumacher Well Drilling Inc.

$43,412 PPP Loan in Algona, Iowa

Loan Details

Loan Number
3105928300
Date Approved
Jan 21, 2021
Loan Status
Paid in Full
Initial Approval
$43,412
Current Approval
$43,412
Forgiveness Amount
$43,581
Forgiveness Date
Jun 15, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Schumacher Well Drilling Inc.
Address
2201 Slagle Dr
City
Algona
State
Iowa
ZIP Code
50511-7196
Business Type
Subchapter S Corporation
Industry (NAICS)
Mining, Quarrying, and Oil and Gas Extraction (213111)
Business Age
Existing or more than 2 years old
Jobs Reported
7
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$43,409
Utilities
$1

Lender Information

Servicing Lender
Iowa State Bank
Originating Lender
Iowa State Bank

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