# PPP loan: SCHMIDT-BOWMAN CO, INC.
> **$361K** approved 04/27/2020 · Paid in Full · Loan `3816537203`
## Borrower
- **Name:** SCHMIDT-BOWMAN CO, INC.
- **Address:** 1395 E 12 MILE RD, MADISON HEIGHTS, MI, 48071-2654
- **NAICS:** 424310
- **Business type:** Cooperative
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $361K
- **Initial approval:** $361K
- **Forgiven:** $365K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Utilities:** $361K
- **Jobs reported:** 15
## Lender
- **Originating:** Nicolet National Bank
- **Servicing:** Nicolet National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*