Schmidts INC

$510,900 PPP Loan in Fairbury, Nebraska

Loan Details

Loan Number
5875317010
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$510,900
Current Approval
$510,900
Forgiveness Amount
$514,831
Forgiveness Date
Jan 13, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Schmidts INC
Address
56895 Highway 136
ZIP Code
68352-4522
Business Type
Corporation
Industry (NAICS)
Manufacturing (311511)
Business Age
Existing or more than 2 years old
Jobs Reported
42
Estimated Revenue
$14.8M
Rural/Urban
Rural
Congressional District
NE-03

Loan Use Breakdown

Payroll
$434,000
Rent
$25,000
Utilities
$51,900

Lender Information

Servicing Lender
Heartland Bank
Originating Lender
Heartland Bank

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