# PPP loan: M. L. SCHMITT INC.
> **$1.54M** approved 04/17/2021 · Paid in Full · Loan `5194878810`
## Borrower
- **Name:** M. L. SCHMITT INC.
- **Address:** 371 Taylor St, Springfield, MA, 01105-1109
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.55M (100%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.54M
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*