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Schmitz Electric Co.

$110,300 PPP Loan in Adams, Minnesota

Loan Details

Loan Number
8072287003
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$110,300
Current Approval
$110,300
Forgiveness Amount
$110,965
Forgiveness Date
Nov 20, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Schmitz Electric Co.
Address
308 West Main Street
City
Adams
State
Minnesota
ZIP Code
55909-9771
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$89,300
Utilities
$5,000
Health Care
$16,000

Lender Information

Servicing Lender
United Farmers State Bank
Originating Lender
United Farmers State Bank

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