# PPP loan: SCHMIDT'S MEAT MARKET INC
> **$387K** approved 04/13/2020 · Paid in Full · Loan `5066897107`
## Borrower
- **Name:** SCHMIDT'S MEAT MARKET INC
- **Address:** 319 PINE ST PO BOX 542, NICOLLET, MN, 56074-2077
- **NAICS:** 445210
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $387K
- **Initial approval:** $387K
- **Forgiven:** $390K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Utilities:** $77K
- **Jobs reported:** 37
## Lender
- **Originating:** ProGrowth Bank
- **Servicing:** ProGrowth Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*