# PPP loan: SCHMITT INDUSTRIES INC
> **$589K** approved 07/30/2020 · Paid in Full · Loan `1472138204`
## Borrower
- **Name:** SCHMITT INDUSTRIES INC
- **Address:** 2765 NW NICOLAI ST, PORTLAND, OR, 97210-1818
- **NAICS:** 334515
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $589K
- **Initial approval:** $589K
- **Forgiven:** $595K (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $589K
- **Jobs reported:** 20
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*