# PPP loan: SCHAK TRUCKING INC
> **$727K** approved 04/11/2020 · Paid in Full · Loan `2621297100`
## Borrower
- **Name:** SCHAK TRUCKING INC
- **Address:** 201 East Highway 14, TYLER, MN, 56178
- **NAICS:** 484110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $727K
- **Initial approval:** $727K
- **Forgiven:** $318K (44%)
- **Forgiveness date:** 11/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $582K
- **Mortgage interest:** $73K
- **Utilities:** $73K
- **Jobs reported:** 54
## Lender
- **Originating:** Compeer Financial, ACA
- **Servicing:** Compeer Financial, ACA (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*