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PPP Loan Data — Michael Schmitcke, Hazelton, ND

SBA PPP loan data, payroll data, and salaries for Michael Schmitcke
ND

Michael Schmitcke

Entity: Self-employed Individual

Industry: Beef Cattle Ranching and Farming

Location: Hazelton, ND

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Michael Schmitcke is a self-employed individual located in Hazelton, North Dakota that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6347998306

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-01-26

Loan Status:

Paid in Full or Forgiven

Lender:

Dakota Community Bank & Trust, National Association

Michael Schmitcke in Hazelton, ND received a Paycheck Protection Loan of $20,833 through Dakota Community Bank & Trust, National Association, which was approved in January, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Michael Schmitcke reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,833

Business Information - Michael Schmitcke in Hazelton, ND

Michael Schmitcke
Hazelton, ND
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Beef Cattle Ranching and Farming
NAICS code 112111

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Emmons County, ND — SBA Office 0875 — Congressional District: ND-

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Michael Schmitcke.

Wayne Schmitcke
Beef Cattle Ranching and Farming

$20,833 PPP Loan

Kelly Schmitcke
Beef Cattle Ranching and Farming

$20,833 PPP Loan

Similar Companies near Hazelton

In the Hazelton area, 86 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $15,667 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 215,563 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $2.8B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 1 employees, the same amount reported by Michael Schmitcke and received an average PPP loan of $12,969, 38% lower than this company's loan of $20,833.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/michael-schmitcke-hazelton-nd