# PPP loan: SCHMIDT MACHINE COMPANY
> **$322K** approved 04/27/2020 · Paid in Full · Loan `3656377203`
## Borrower
- **Name:** SCHMIDT MACHINE COMPANY
- **Address:** 7013 STATE HWY 199, UPPER SANDUSKY, OH, 43351-9071
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $322K
- **Initial approval:** $322K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $322K
- **Jobs reported:** 22
## Lender
- **Originating:** The Union Bank Company
- **Servicing:** The Union Bank Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*