SCHMIDT ELECTRIC COMPANY, INC.

Summary of PPP (Paycheck Protection Program) Loan approved to SCHMIDT ELECTRIC COMPANY, INC. by Security State Bank & Trust. The loan was approved on 4/04/2020 in the range of $2-5 million.

Business Information

Name:

SCHMIDT ELECTRIC COMPANY, INC.

9701 FM 1625
AUSTIN, TX 78747
Business type: Corporation
Specialty Trade Contractors
→ Electrical Contractors and Other Wiring Installation Contractors
Non-profit: No
Loan amount: $2-5 million
(50 Jobs retained)
Date approved: April 04, 2020
Lender Security State Bank & Trust

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.