# PPP loan: TOWNSEND & SCHMIDT MASONRY
> **$323K** approved 04/29/2020 · Paid in Full · Loan `2973437305`
## Borrower
- **Name:** TOWNSEND & SCHMIDT MASONRY
- **Address:** 8788 Elder Creek Rd, SACRAMENTO, CA, 95828
- **NAICS:** 238140
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $323K
- **Initial approval:** $323K
- **Forgiven:** $325K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Rent:** $48K
- **Utilities:** $16K
- **Health care:** $16K
- **Jobs reported:** 34
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*