# PPP loan: SCHUERCH CORPORATION
> **$301K** approved 05/04/2020 · Paid in Full · Loan `1262087404`
## Borrower
- **Name:** SCHUERCH CORPORATION
- **Address:** 452 RANDOLPH ST, ABINGTON, MA, 02351-1170
- **NAICS:** 339112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Mortgage interest:** $69K
- **Utilities:** $2K
- **Jobs reported:** 22
## Lender
- **Originating:** Middlesex Savings Bank
- **Servicing:** Middlesex Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*