# PPP loan: SCHMIDT TOOL & MANUFACTURING CO. LLC
> **$268K** approved 03/06/2021 · Paid in Full · Loan `7663968500`
## Borrower
- **Name:** SCHMIDT TOOL & MANUFACTURING CO. LLC
- **Address:** 13967 FM 1097 Rd W, Willis, TX, 77318-4962
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $269K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $268K
- **Jobs reported:** 15
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*