As part of the Paycheck Protection Program SCHMALZ INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

SCHMALZ INC


Loan Amount	$1,067,690
BusinessName	SCHMALZ INC
Address	5850 Oak Forest Dr
City	RALEIGH
State	NC
Zip	27616
NAICSCode	423830
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Unanswered
NonProfit
JobsReported	74
DateApproved	04/30/2020
Lender	Bank of America, National Association
CD	NC-04
BusinessName.clean	SCHMALZ

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

SCHMECHTIG LANDSCAPE COMPANY
SCHMID CONSTRUCTION
SCHMID PIPELINE CONSTRUCTION
SCHMID THERMAL SYSTEMS
SCHMID TOOL ENGINEERING