# PPP loan: SCHMID PIPELINE CONSTRUCTION INC
> **$1.91M** approved 04/06/2020 · Exemption 4 · Loan `6030617009`
## Borrower
- **Name:** SCHMID PIPELINE CONSTRUCTION INC
- **Address:** 2236 312th Ave, MAQUOKETA, IA, 52060-8617
- **NAICS:** 237120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.91M
- **Initial approval:** $1.91M
- **Forgiven:** $564K (29%)
- **Forgiveness date:** 03/31/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.91M
- **Jobs reported:** 104
## Lender
- **Originating:** De Witt Bank & Trust Co.
- **Servicing:** De Witt Bank & Trust Co. (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*