# PPP loan: STEVE SCHMITT, INC.
> **$645K** approved 04/05/2020 · Paid in Full · Loan `5161337003`
## Borrower
- **Name:** STEVE SCHMITT, INC.
- **Address:** 12631 State Route 143, HIGHLAND, IL, 62249-1111
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $645K
- **Initial approval:** $645K
- **Forgiven:** $650K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $484K
- **Mortgage interest:** $81K
- **Utilities:** $81K
- **Jobs reported:** 61
## Lender
- **Originating:** First Mid Bank & Trust, National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*