# PPP loan: SCHMITT, INC.
> **$971K** approved 04/10/2020 · Paid in Full · Loan `1829437110`
## Borrower
- **Name:** SCHMITT, INC.
- **Address:** 17935 US HIGHWAY 19, HUDSON, FL, 34667-6628
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $971K
- **Initial approval:** $971K
- **Forgiven:** $983K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $971K
- **Jobs reported:** 72
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*