# PPP loan: SCHUMACHER AUTOMOTIVE DELRAY, LLC
> **$3.23M** approved 04/11/2020 · Paid in Full · Loan `2720277100`
## Borrower
- **Name:** SCHUMACHER AUTOMOTIVE DELRAY, LLC
- **Address:** 2102 Federal Highway, DELRAY BEACH, FL, 33483-3316
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.23M
- **Initial approval:** $3.23M
- **Forgiven:** $3.27M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.23M
- **Jobs reported:** 258
## Lender
- **Originating:** Ally Bank
- **Servicing:** Ally Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*