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Schmit Towing, INC

$425,000 PPP Loan in Fridley, Minnesota

Loan Details

Loan Number
7453877002
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$425,000
Current Approval
$425,000
Forgiveness Amount
$428,294
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Schmit Towing, INC
Address
92 43rd Ave NE
City
Fridley
State
Minnesota
ZIP Code
55421-2605
Business Type
Corporation
Industry (NAICS)
Transportation and Warehousing (488410)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-05

Loan Use Breakdown

Payroll
$425,000

Lender Information

Servicing Lender
Magnifi Financial Cu
Originating Lender
Magnifi Financial Credit Union

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