Schmitz Builders, INC

$42,000 PPP Loan in Red Lake Falls, Minnesota

Loan Details

Loan Number
5277007109
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$42,000
Current Approval
$42,000
Forgiveness Amount
$42,231
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Schmitz Builders, INC
Address
210 3rd St NE
ZIP Code
56750-4232
Business Type
Corporation
Industry (NAICS)
Construction (236220)
Business Age
Existing or more than 2 years old
Jobs Reported
5
Estimated Revenue
$5.7M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$34,800
Rent
$7,000
Utilities
$200

Lender Information

Servicing Lender
Dakota Heritage Bank
Originating Lender
Dakota Heritage Bank

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