# PPP loan: SCHMIDT ELECTRICAL CONSTRUCTION, LLC
> **$182K** approved 04/07/2020 · Paid in Full · Loan `7512877003`
## Borrower
- **Name:** SCHMIDT ELECTRICAL CONSTRUCTION, LLC
- **Address:** 72 MEANS DR, PLATTEVILLE, WI, 53818-3898
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $182K
- **Forgiven:** $184K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $174K
- **Mortgage interest:** $4K
- **Utilities:** $4K
- **Jobs reported:** 18
## Lender
- **Originating:** Clare Bank, National Association
- **Servicing:** Clare Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*