PPP Loan information for Schmitt furniture co., inc

$295,371

Schmitt furniture co., inc was initially approved for PPP Loan of amount $295,371, the current approved amount is $295,371. The loan was approved on 04/08/2020 by The WesBanco Bank, Inc. reported 30 jobs and $295,371 was used to fund payroll.

Schmitt furniture co., inc is Existing or more than 2 years old

PPP Loan Search / IN / NEW ALBANY / Schmitt furniture co., inc

SCHMITT FURNITURE CO., INC

Date Approved

04/08/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

SCHMITT FURNITURE CO., INC

Borrower Address

101 E MAIN ST

Borrower City

NEW ALBANY

Borrower State

IN

Borrower Zip

47150-5816

Loan Status Date

09/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

295371.12

Current Approval Amount

295371.12

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

75497

Servicing Lender Name

WesBanco Bank, Inc.

Servicing Lender Address

1 Bank Plz

Servicing Lender City

WHEELING

Servicing Lender State

WV

Servicing Lender Zip

26003-3543

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEW ALBANY

Project County Name

FLOYD

Project State

IN

Project Zip

47150-5816

CD

IN-09

Jobs Reported

30

NAICS Code

442110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

295371.12

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

75497

Originating Lender

WesBanco Bank, Inc.

Originating Lender City

WHEELING

Originating Lender State

WV

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

299336.38

Forgiveness Date

08/19/2021

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