# PPP loan: GEO. T. SCHMIDT, INC.
> **$1.16M** approved 04/06/2020 · Paid in Full · Loan `6073047004`
## Borrower
- **Name:** GEO. T. SCHMIDT, INC.
- **Address:** 6151 HOWARD ST, NILES, IL, 60714-3401
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $714K (62%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.16M
- **Jobs reported:** 43
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*