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August Schell Brewing Company

$1,040,499 PPP Loan in New Ulm, Minnesota

Loan Details

Loan Number
5254098303
Date Approved
Jan 25, 2021
Loan Status
Paid in Full
Initial Approval
$1,040,499
Current Approval
$1,040,499
Forgiveness Amount
$1,047,522
Forgiveness Date
Oct 6, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
August Schell Brewing Company
Address
1860 Schells Rd
City
New Ulm
State
Minnesota
ZIP Code
56073-3834
Business Type
Corporation
Industry (NAICS)
Manufacturing (312120)
Business Age
Existing or more than 2 years old
Jobs Reported
84
Estimated Revenue
$29.6M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$1,040,495
Utilities
$1

Lender Information

Servicing Lender
Citizens Bank Minnesota
Originating Lender
Citizens Bank Minnesota

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