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Schumacher Well Drilling

$47,000 PPP Loan in Algona, Iowa

Loan Details

Loan Number
4505857006
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$47,000
Current Approval
$47,500
Forgiveness Amount
$47,740
Forgiveness Date
Oct 13, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Schumacher Well Drilling
Address
2201 Slagle Dr
City
Algona
State
Iowa
ZIP Code
50511-7196
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (237110)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$47,500

Lender Information

Servicing Lender
Iowa State Bank
Originating Lender
Iowa State Bank

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