ALBERT T SCHLEGEL (MN) - 2020 PPP Loan Borrower Profile (# 7511398104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBERT T SCHLEGEL. 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 Minnesota.

Loan Detail

Loan Number

7511398104

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$12,810

Date Loan was Approved

Jul 23, 2020

Amount Forgiven

$12,868

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

12,810

Lender

Deerwood Bank

Business Detail

Business Type

Sole Proprietorship

NAICS

484110

Borrower Location

BRAINERD, MN

Project Location

BRAINERD, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.