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Schumacher Excavating INC

$361,871 PPP Loan in Zumbrota, Minnesota

Loan Details

Loan Number
5333577209
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$361,871
Current Approval
$361,871
Forgiveness Amount
$364,484
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Schumacher Excavating INC
Address
50 Warren Ave
City
Zumbrota
State
Minnesota
ZIP Code
55992-1019
Business Type
Corporation
Industry (NAICS)
Construction (238910)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$9.0M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$361,871

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank and Trust

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