Schipp's Pro Power Wash, Inc.

$232,800 PPP Loan in Albert Lea, Minnesota

Loan Details

Loan Number
5228967010
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$232,800
Current Approval
$232,800
Forgiveness Amount
$235,211
Forgiveness Date
Apr 29, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Schipp's Pro Power Wash, Inc.
Address
2340 Crossroads Blvd
ZIP Code
56007-4001
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238990)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$7.8M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$195,000
Rent
$20,000
Utilities
$5,000
Health Care
$8,000
Debt Interest
$4,800

Lender Information

Servicing Lender
Arcadian Bank
Originating Lender
Arcadian Bank

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