# PPP loan: SCHWINTEK, INC.
> **$224K** approved 04/10/2020 · Paid in Full · Loan `1372557110`
## Borrower
- **Name:** SCHWINTEK, INC.
- **Address:** 301 RANGER DR, CASSOPOLIS, MI, 49031-9810
- **NAICS:** 332999
- **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:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Utilities:** $9K
- **Jobs reported:** 11
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*