Schumacher Electric INC

$41,904 PPP Loan in Waseca, Minnesota

Loan Details

Loan Number
8958607002
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$41,904
Current Approval
$41,904
Forgiveness Amount
$42,162
Forgiveness Date
Nov 27, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Schumacher Electric INC
Address
112 10th Ave SE
City
Waseca
ZIP Code
56093-3122
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$35,000
Rent
$5,904
Utilities
$1,000

Lender Information

Servicing Lender
Keen Bank National Association
Originating Lender
Keen Bank National Association

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