# PPP loan: SCHMIDT & SONS INC.
> **$706K** approved 02/16/2021 · Paid in Full · Loan `9173298409`
## Borrower
- **Name:** SCHMIDT & SONS INC.
- **Address:** 2719 Church St, Gonzales, TX, 78629-2131
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $706K
- **Initial approval:** $706K
- **Forgiven:** $714K (101%)
- **Forgiveness date:** 04/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $706K
- **Jobs reported:** 55
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*