# PPP loan: SCHELLS FOODS INC
> **$224K** approved 03/13/2021 · Paid in Full · Loan `1227198610`
## Borrower
- **Name:** SCHELLS FOODS INC
- **Address:** 4625 5th Street Hwy, Temple, PA, 19560-1401
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 12/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 51
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*