# PPP loan: SCHORN CONSTRUCTION CO., INC.
> **$246K** approved 04/10/2020 · Paid in Full · Loan `1733307101`
## Borrower
- **Name:** SCHORN CONSTRUCTION CO., INC.
- **Address:** 1232 SAWMILL RD, DOWNINGTOWN, PA, 19335-3831
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Rent:** $5K
- **Utilities:** $1K
- **Health care:** $13K
- **Jobs reported:** 15
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*