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

PPP Loan Search / IL / ELGIN / Schmidt steel inc.

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

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