# PPP loan: JIM SCHMIDT CHEVROLET BUICK, INC
> **$681K** approved 04/09/2020 · Paid in Full · Loan `1086127109`
## Borrower
- **Name:** JIM SCHMIDT CHEVROLET BUICK, INC
- **Address:** 575 W High Street, HICKSVILLE, OH, 43526-0223
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $681K
- **Initial approval:** $681K
- **Forgiven:** $686K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $566K
- **Rent:** $61K
- **Utilities:** $14K
- **Debt interest:** $40K
- **Jobs reported:** 47
## Lender
- **Originating:** The Hicksville Bank
- **Servicing:** The Hicksville Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*