# PPP loan: SCHMIDT ELECTRIC LLC
> **$204K** approved 04/05/2020 · Paid in Full · Loan `5396527006`
## Borrower
- **Name:** SCHMIDT ELECTRIC LLC
- **Address:** 66 NAUGATUCK DR, NAUGATUCK, CT, 06770-2024
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Jobs reported:** 14
## Lender
- **Originating:** Ion Bank
- **Servicing:** Ion Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*