PPP Loan information for Schmit machine inc.

$312,500

Schmit machine inc. was initially approved for PPP Loan of amount $312,500, the current approved amount is $312,500. The loan was approved on 04/16/2020 by The JPMorgan Chase Bank, National Association reported 17 jobs and $312,500 was used to fund payroll.

Schmit machine inc. is Existing or more than 2 years old

PPP Loan Search / NY / LONG ISLAND CITY / Schmit machine inc.

SCHMIT MACHINE INC.

Date Approved

04/16/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

SCHMIT MACHINE INC.

Borrower Address

4747 36TH ST

Borrower City

LONG ISLAND CITY

Borrower State

NY

Borrower Zip

11101

Loan Status Date

08/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

312500.00

Current Approval Amount

312500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LONG ISLAND CITY

Project County Name

QUEENS

Project State

NY

Project Zip

11101-0001

CD

NY-07

Jobs Reported

17

NAICS Code

333921

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

241374.00

Mortgage Interest Proceed

0.00

Rent Proceed

53550.00

Refinance EIDL Proceed

0.00

Health Care Proceed

7576.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

316226.04

Forgiveness Date

06/30/2021

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