# PPP loan: SCHEERER BEARING CORPORATION
> **$655K** approved 03/13/2021 · Paid in Full · Loan `1344238608`
## Borrower
- **Name:** SCHEERER BEARING CORPORATION
- **Address:** 645 Davisville Rd, Willow Grove, PA, 19090-1514
- **NAICS:** 332991
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $655K
- **Initial approval:** $655K
- **Forgiven:** $659K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $655K
- **Jobs reported:** 38
## Lender
- **Originating:** Fulton Bank National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*