# PPP loan: SCHMELZER INDUSTRIES, INC.
> **$239K** approved 04/27/2020 · Paid in Full · Loan `4096587202`
## Borrower
- **Name:** SCHMELZER INDUSTRIES, INC.
- **Address:** 7970 Wesley Chapel Road, SOMERSET, OH, 43783-9737
- **NAICS:** 327215
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $239K
- **Initial approval:** $239K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Jobs reported:** 28
## Lender
- **Originating:** Peoples State Bank
- **Servicing:** Peoples State Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*