# PPP loan: SCHAFFEL DEVELOPMENT COMPANY, INC., A CALIFORNIA CORPORATION
> **$188K** approved 04/16/2020 · Paid in Full · Loan `2421737205`
## Borrower
- **Name:** SCHAFFEL DEVELOPMENT COMPANY, INC., A CALIFORNIA CORPORATION
- **Address:** 15235 Burbank Blvd., Suite C, Sherman Oaks, CA, 91411
- **NAICS:** 236116
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Jobs reported:** 11
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*