PPP Loan information for Schmit towing, inc

$425,000

Schmit towing, inc was initially approved for PPP Loan of amount $425,000, the current approved amount is $425,000. The loan was approved on 04/07/2020 by The Magnifi Financial CU reported 35 jobs and $425,000 was used to fund payroll.

Schmit towing, inc is Existing or more than 2 years old

PPP Loan Search / MN / Fridley / Schmit towing, inc

SCHMIT TOWING, INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHMIT TOWING, INC

Borrower Address

92 43rd Ave NE

Borrower City

Fridley

Borrower State

MN

Borrower Zip

55421-2605

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

425000.00

Current Approval Amount

425000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Fridley

Project County Name

ANOKA

Project State

MN

Project Zip

55421-2605

CD

MN-05

Jobs Reported

35

NAICS Code

488410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

425000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

428293.75

Forgiveness Date

01/20/2021

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