Schulte Transmission INC

$44,200 PPP Loan in Waite Park, Minnesota

Loan Details

Loan Number
6923777008
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$44,200
Current Approval
$44,200
Forgiveness Amount
$44,525
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Schulte Transmission INC
Address
18 2nd Ave N
ZIP Code
56387-1113
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$35,400
Rent
$6,800
Utilities
$2,000

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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