# PPP loan: GEORGE SCHMITT & CO., INC.
> **$1.02M** approved 04/27/2020 · Paid in Full · Loan `4609757201`
## Borrower
- **Name:** GEORGE SCHMITT & CO., INC.
- **Address:** 251 BOSTON POST RD, GUILFORD, CT, 06437
- **NAICS:** 424110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Jobs reported:** 94
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Webster Bank National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*