# PPP loan: SCHMITZ, LLC
> **$368K** approved 04/09/2020 · Paid in Full · Loan `1076597106`
## Borrower
- **Name:** SCHMITZ, LLC
- **Address:** 188 Treat Avenue, COLDWATER, MI, 49036-9709
- **NAICS:** 325212
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $368K
- **Initial approval:** $368K
- **Forgiven:** $371K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $295K
- **Mortgage interest:** $74K
- **Jobs reported:** 38
## Lender
- **Originating:** Southern Michigan Bank & Trust
- **Servicing:** Southern Michigan Bank & Trust (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*