Schaal Heating and Cooling INC

$864,050 PPP Loan in Des Moines, Iowa

Loan Details

Loan Number
6199657005
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$864,050
Current Approval
$864,050
Forgiveness Amount
$870,695
Forgiveness Date
Jan 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Schaal Heating and Cooling INC
Address
2701 6th Ave
State
Iowa
ZIP Code
50313-4124
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
65
Estimated Revenue
$20.6M
Rural/Urban
Urban
Congressional District
IA-03

Loan Use Breakdown

Payroll
$800,000
Utilities
$20,000
Mortgage Interest
$44,050

Lender Information

Servicing Lender
Grinnell State Bank
Originating Lender
Grinnell State Bank

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