# PPP loan: THE SCHAFER COMPANY INC
> **$410K** approved 04/10/2020 · Paid in Full · Loan `2559777100`
## Borrower
- **Name:** THE SCHAFER COMPANY INC
- **Address:** 3346 Highway 301 North, HAMER, SC, 29547
- **NAICS:** 713110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $410K
- **Initial approval:** $410K
- **Forgiven:** $414K (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $410K
- **Jobs reported:** 86
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*