# PPP loan: SCHMELZER INDUSTRIES, INC.
> **$250K** approved 02/20/2021 · Paid in Full · Loan `2152448503`
## Borrower
- **Name:** SCHMELZER INDUSTRIES, INC.
- **Address:** 7970 Wesley Chapel Road NW, Somerset, OH, 43783
- **NAICS:** 313230
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Peoples State Bank
- **Servicing:** Peoples State Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*