# PPP loan: SCHMIDT AUTOMOTIVE INC
> **$202K** approved 02/13/2021 · Paid in Full · Loan `8309988410`
## Borrower
- **Name:** SCHMIDT AUTOMOTIVE INC
- **Address:** 8560 E 30th St, Indianapolis, IN, 46219-1423
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $202K
- **Initial approval:** $202K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 06/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $202K
- **Jobs reported:** 22
## Lender
- **Originating:** STAR Financial Bank
- **Servicing:** STAR Financial Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*