Date Approved
04/11/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
SCHLEMMER ELECTRIC, INC.
Borrower Address
10646 KELL AVE S
Borrower City
BLOOMINGTON
Borrower State
MN
Borrower Zip
55437-2931
Loan Status Date
03/19/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
90500.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
436783
Servicing Lender Name
Bridgewater Bank
Servicing Lender Address
4450 Excelsior Blvd
Servicing Lender City
SAINT LOUIS PARK
Servicing Lender State
Servicing Lender Zip
55416-5385
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
HENNEPIN
Project State
Project Zip
CD
MN-03
Jobs Reported
6
NAICS Code
238210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
89000.00
Mortgage Interest Proceed
Rent Proceed
1500.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Female Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
91251.27
Forgiveness Date
02/19/2021