# PPP loan: SCHMIDTS AUTO INC
> **$391K** approved 03/01/2021 · Paid in Full · Loan `5698838508`
## Borrower
- **Name:** SCHMIDTS AUTO INC
- **Address:** 1621 Beld St, Madison, WI, 53715-2113
- **NAICS:** 423140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $391K
- **Initial approval:** $391K
- **Forgiven:** $394K (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $391K
- **Jobs reported:** 53
## Lender
- **Originating:** Associated Bank, National Association
- **Servicing:** Associated Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*