# PPP loan: SCHMITT DRYWALL CONTRACTING
> **$455K** approved 04/06/2020 · Paid in Full · Loan `6236697006`
## Borrower
- **Name:** SCHMITT DRYWALL CONTRACTING
- **Address:** 4737 E SOMERTON AVE, ORANGE, CA, 92867-2272
- **NAICS:** 238310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $455K
- **Initial approval:** $455K
- **Forgiven:** $460K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $341K
- **Rent:** $54K
- **Utilities:** $9K
- **Health care:** $51K
- **Jobs reported:** 3
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*