PPP Loan information for Schmidt electric company, inc.

$3,595,300

Schmidt electric company, inc. was initially approved for PPP Loan of amount $3,595,300, the current approved amount is $3,595,300. The loan was approved on 04/04/2020 by The Security State Bank & Trust reported 279 jobs and $3,595,300 was used to fund payroll.

Schmidt electric company, inc. is Existing or more than 2 years old

PPP Loan Search / TX / AUSTIN / Schmidt electric company, inc.

SCHMIDT ELECTRIC COMPANY, INC.

Date Approved

04/04/2020

SBA Office Code

0681

Processing Method

PPP

Borrower Name

SCHMIDT ELECTRIC COMPANY, INC.

Borrower Address

9701 FM 1625

Borrower City

AUSTIN

Borrower State

TX

Borrower Zip

78747-1590

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3595300.00

Current Approval Amount

3595300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

69949

Servicing Lender Name

Security State Bank & Trust

Servicing Lender Address

201 W Main St

Servicing Lender City

FREDERICKSBURG

Servicing Lender State

TX

Servicing Lender Zip

78624-3709

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

AUSTIN

Project County Name

TRAVIS

Project State

TX

Project Zip

78747-1590

CD

TX-35

Jobs Reported

279

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

3595300.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

69949

Originating Lender

Security State Bank & Trust

Originating Lender City

FREDERICKSBURG

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3624561.75

Forgiveness Date

02/02/2021

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