# PPP loan: SCHMIDT EXCAVATINGINC
> **$177K** approved 01/29/2021 · Paid in Full · Loan `8108528307`
## Borrower
- **Name:** SCHMIDT EXCAVATINGINC
- **Address:** 514 S Dayton Ave, Newberg, OR, 97132-2534
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $178K (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $177K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Umpqua Bank
- **Servicing:** Umpqua Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*