Schumacher Electric Inc.
$497,800 PPP Loan in Ortonville, Michigan
Loan Details
- Loan Number
- 6091267004
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $497,800
- Current Approval
- $497,800
- Forgiveness Amount
- $501,741
- Forgiveness Date
- Jan 26, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Schumacher Electric Inc.
- Address
- 3690 Hickory Rim Dr
- City
- Ortonville
- State
- Michigan
- ZIP Code
- 48462-8005
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 34
- Estimated Revenue
- $11.2M
- Rural/Urban
- Urban
- Congressional District
- MI-08
Loan Use Breakdown
- Payroll
- $497,800
Lender Information
- Servicing Lender
- Oxford Bank
- Originating Lender
- Oxford Bank
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