As part of the Paycheck Protection Program SCHMIDT STEEL 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.

SCHMIDT STEEL INC


Loan Amount	$2,357,467
BusinessName	SCHMIDT STEEL INC
Address	847 S. Randall Road
City	ELGIN
State	IL
Zip	60123
NAICSCode	238130
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported
DateApproved	04/27/2020
Lender	First American Bank
CD	IL-08
BusinessName.clean	SCHMIDT STEEL

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

SCHMIDT TRANSPORTATION
SCHMIEDE
SCHMITT CONTRACTING
SCHMITT ELECTRIC
SCHMITTSUSSMAN ENTERPRISES