# PPP loan: STEVE SCHMITT MOTORS, LLC
> **$256K** approved 04/05/2020 · Paid in Full · Loan `5165087008`
## Borrower
- **Name:** STEVE SCHMITT MOTORS, LLC
- **Address:** 11655 New Halls Ferry Rd., FLORISSANT, MO, 63033-6937
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $192K
- **Mortgage interest:** $32K
- **Utilities:** $32K
- **Jobs reported:** 23
## 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*