PPP Loan information for Schmidt steel inc.
$2,357,467
Schmidt steel inc. was initially approved for PPP Loan of amount $2,357,467, the current approved amount is $2,357,467. The loan was approved on 04/27/2020 by The First American Bank reported 70 jobs and $2,357,467 was used to fund payroll.
Schmidt steel inc. is Existing or more than 2 years old
SCHMIDT STEEL INC.
Date Approved
04/27/2020
SBA Office Code
0507
Processing Method
PPP
Borrower Name
SCHMIDT STEEL INC.
Borrower Address
847 S. Randall Road #278
Borrower City
ELGIN
Borrower State
IL
Borrower Zip
60123
Loan Status Date
07/20/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
2357466.99
Current Approval Amount
2357466.99
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
21238
Servicing Lender Name
First American Bank
Servicing Lender Address
700 Busse Rd
Servicing Lender City
ELK GROVE VILLAGE
Servicing Lender State
IL
Servicing Lender Zip
60007-2137
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
ELGIN
Project County Name
KANE
Project State
IL
Project Zip
60123-0300
CD
IL-08
Jobs Reported
70
NAICS Code
238130
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
0.00
Payroll Proceed
2357466.99
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
Subchapter S Corporation
Originating Lender Location Id
21238
Originating Lender
First American Bank
Originating Lender City
ELK GROVE VILLAGE
Originating Lender State
IL
Gender
Unanswered
Veteran
Unanswered
Non Profit
Forgiveness Amount
2383661.07
Forgiveness Date
06/11/2021