Schmidt Steel Inc.

$2,357,467 PPP Loan in Elgin, Illinois

Loan Details

Loan Number
4506827206
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$2,357,467
Current Approval
$2,357,467
Forgiveness Amount
$2,383,661
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Schmidt Steel Inc.
Address
847 S. Randall Road #278
City
Elgin
ZIP Code
60123
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238130)
Business Age
Existing or more than 2 years old
Jobs Reported
70
Estimated Revenue
$16.2M
Rural/Urban
Urban
Congressional District
IL-08

Loan Use Breakdown

Payroll
$2,357,467

Lender Information

Servicing Lender
First American Bank
Originating Lender
First American Bank

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