ADAM SCHULTE (IA) - 2020 PPP Loan Borrower Profile (# 4999537406)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAM SCHULTE. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Iowa.

Loan Detail

Loan Number

4999537406

SBA Office Code

0736

Processing Method

PPP

Curent Loan Amount

$9,100

Date Loan was Approved

May 11, 2020

Amount Forgiven

$9,137.66

Date Loan was Forgiven

Oct 13, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

9,100

Lender

Farmers & Merchants Savings Bank

Business Detail

Business Type

Sole Proprietorship

NAICS

112111

Borrower Location

MANCHESTER, IA

Project Location

MANCHESTER, IA

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.