# PPP loan: SCHMITZ READY MIX, INC.
> **$1.94M** approved 04/04/2020 · Paid in Full · Loan `4617787003`
## Borrower
- **Name:** SCHMITZ READY MIX, INC.
- **Address:** 5400 North 124th Street, MILWAUKEE, WI, 53225-2922
- **NAICS:** 327320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.94M
- **Initial approval:** $1.94M
- **Forgiven:** $1.99M (102%)
- **Forgiveness date:** 08/05/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.81M
- **Mortgage interest:** $80K
- **Utilities:** $52K
- **Jobs reported:** 77
## Lender
- **Originating:** Bank First, N.A.
- **Servicing:** Bank First, N.A. (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*