Schatz Bearing Corporation

$1,215,680 PPP Loan in Poughkeepsie, New York

Loan Details

Loan Number
5001908310
Date Approved
Jan 23, 2021
Loan Status
Paid in Full
Initial Approval
$1,215,680
Current Approval
$1,215,600
Forgiveness Amount
$1,227,456
Forgiveness Date
Jan 19, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Schatz Bearing Corporation
Address
10 Fairview Ave
ZIP Code
12601-1312
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332991)
Business Age
Existing or more than 2 years old
Jobs Reported
75
Estimated Revenue
$18.3M
Rural/Urban
Urban
Congressional District
NY-18

Loan Use Breakdown

Payroll
$1,215,596
Utilities
$1

Lender Information

Servicing Lender
Rhinebeck Bank
Originating Lender
Rhinebeck Bank

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