# PPP loan: SCHMIDT INDUSTRIES, INC.
> **$419K** approved 04/29/2020 · Paid in Full · Loan `3937517302`
## Borrower
- **Name:** SCHMIDT INDUSTRIES, INC.
- **Address:** 11321 GOSS ST, SUN VALLEY, CA, 91352-3206
- **NAICS:** 332812
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $419K
- **Initial approval:** $657K
- **Forgiven:** $423K (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $419K
- **Jobs reported:** 68
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*