# PPP loan: SCHAUS MECHANICAL INC.
> **$782K** approved 04/10/2020 · Paid in Full · Loan `2471017101`
## Borrower
- **Name:** SCHAUS MECHANICAL INC.
- **Address:** 2901 Calumet Ave, MANITOWOC, WI, 54220-5550
- **NAICS:** 238160
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $782K
- **Initial approval:** $782K
- **Forgiven:** $787K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $782K
- **Jobs reported:** 46
## Lender
- **Originating:** Nicolet National Bank
- **Servicing:** Bank of Ann Arbor (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*