PPP borrower record
SCHMITZ ELECTRIC CO. PPP loan record
Public SBA PPP loan record for SCHMITZ ELECTRIC CO.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$110,300
Approved amount
$110,965
Forgiven amount
2020-04-08
Date approved
Borrower and loan details
Borrower
SCHMITZ ELECTRIC CO.
Loan number
8072287003
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Adams
Borrower state
Minnesota
Borrower ZIP
55909
Jobs reported
12
Loan status
Paid in Full
Forgiveness date
2020-11-20
Servicing lender
United Farmers State Bank
Originating lender
United Farmers State Bank
Reported use of proceeds
Payroll
$89,300
Rent
N/A
Utilities
$5,000
Mortgage interest
N/A
Health care
$16,000
Debt interest
N/A
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.