PPP Loan Data — Rhonda Schmidt, Melrose, MN
Rhonda Schmidt is a sole proprietorship located in Melrose, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,931.00 in March, 2021.
The company has reported itself as a White female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Central Minnesota CU
Rhonda Schmidt in Melrose, MN received a Paycheck Protection Loan of $3,931 through Central Minnesota CU, which was approved in March, 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.
Reported PPP Proceed Usage:
On the PPP application, Rhonda Schmidt reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,931
Business Information - Rhonda Schmidt in Melrose, MN
* Full address is redacted to protect the privacy of individuals.
NAICS code 812112
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Melrose
In the Melrose area, 16 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $7,343 (compared to this company's $3,931).
Similar Nearby Businesses Who Received PPP Funding:
Corner Parlour, LLC
Lu's Hair Design Inc
Confidence And Company Inc
Industry PPP Comparison Statistics
Nationwide, 459,305 businesses in the "Beauty Salons" industry received a total of $8.59B in PPP loans. These businesses account for 4% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, 100% higher than Rhonda Schmidt's reported 1 employees, and received an average PPP loan of $18,694, 376% higher than this company's loan of $3,931.
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Footnotes & Information
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