# PPP loan: SCHMIDT TECHNOLOGY CORPORATION
> **$266K** approved 01/21/2021 · Paid in Full · Loan `3297198310`
## Borrower
- **Name:** SCHMIDT TECHNOLOGY CORPORATION
- **Address:** 280 Executive Dr, Cranberry Twp, PA, 16066-6448
- **NAICS:** 442210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $268K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $266K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*