# PPP loan: SCHMIDT & SALITA, PLLC
> **$240K** approved 04/10/2020 · Paid in Full · Loan `2332167100`
## Borrower
- **Name:** SCHMIDT & SALITA, PLLC
- **Address:** 13911 RIDGEDALE DR SUITE 325, MINNETONKA, MN, 55305-1700
- **NAICS:** 541110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Rent:** $25K
- **Jobs reported:** 21
## Lender
- **Originating:** Bridgewater Bank
- **Servicing:** Bridgewater Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*