Schulz Electric, Inc.
$105,000 PPP Loan in Northfield, Minnesota
Loan Details
- Loan Number
- 5180707002
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $105,000
- Current Approval
- $105,000
- Forgiveness Amount
- $106,027
- Forgiveness Date
- Apr 2, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Schulz Electric, Inc.
- Address
- Dresden Ave
- City
- Northfield
- State
- Minnesota
- ZIP Code
- 55057-5375
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 8
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- MN-02
Loan Use Breakdown
- Payroll
- $81,570
- Rent
- $15,000
- Utilities
- $1,064
- Health Care
- $7,366
Lender Information
- Servicing Lender
- Merchants Bank, National Association
- Originating Lender
- Merchants Bank National Association
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