# PPP loan: SCHWEITZER INC.
> **$1.07M** approved 01/19/2021 · Paid in Full · Loan `1669778310`
## Borrower
- **Name:** SCHWEITZER INC.
- **Address:** 86 Division St S, Battle Creek, MI, 49017-4156
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.07M
- **Utilities:** $1
- **Jobs reported:** 49
## 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*