# PPP loan: SCHMITT TIMBER CORP
> **$253K** approved 04/09/2020 · Paid in Full · Loan `1077927100`
## Borrower
- **Name:** SCHMITT TIMBER CORP
- **Address:** N8539 County Road B, SPRING VALLEY, WI, 54767
- **NAICS:** 113310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $253K
- **Jobs reported:** 33
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*