SCHAMMEL ELECTRIC, INC

Summary of PPP (Paycheck Protection Program) Loan approved to SCHAMMEL ELECTRIC, INC by First Farmers & Merchants National Bank. The loan was approved on 4/08/2020 in the range of $350,000-1 million.

Business Information

Name:

SCHAMMEL ELECTRIC, INC

1200 21ST AVE NE PO BOX 735
AUSTIN, MN 55912
Business type: Subchapter S Corporation
Specialty Trade Contractors
→ Electrical Contractors and Other Wiring Installation Contractors
Non-profit: No
Loan amount: $350,000-1 million
(50 Jobs retained)
Date approved: April 08, 2020
Lender First Farmers & Merchants National Bank

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.