# PPP loan: SCHOMBURG GMBH & CO KG
> **$460K** approved 04/16/2020 · Paid in Full · Loan `2951817202`
## Borrower
- **Name:** SCHOMBURG GMBH & CO KG
- **Address:** 505 Blue Ball Road #160, Elkton, MD, 21921
- **NAICS:** 325998
- **Business type:** Trust
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $460K
- **Initial approval:** $460K
- **Forgiven:** $462K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $403K
- **Rent:** $14K
- **Utilities:** $11K
- **Health care:** $27K
- **Debt interest:** $6K
- **Jobs reported:** 30
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*