# PPP loan: SCHMIDT REAL ESTATE, INC.
> **$2.16M** approved 04/11/2020 · Paid in Full · Loan `3666127104`
## Borrower
- **Name:** SCHMIDT REAL ESTATE, INC.
- **Address:** 522 E. FRONT ST., TRAVERSE CITY, MI, 49686-2502
- **NAICS:** 531210
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.16M
- **Initial approval:** $2.16M
- **Forgiven:** $2.19M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.16M
- **Jobs reported:** 233
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*