# PPP loan: SCHAFER FARMS OF GOODHUE INC
> **$177K** approved 04/11/2020 · Paid in Full · Loan `3054637103`
## Borrower
- **Name:** SCHAFER FARMS OF GOODHUE INC
- **Address:** 35569 240th Avenue, GOODHUE, MN, 55027-8158
- **NAICS:** 112210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $179K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $141K
- **Rent:** $12K
- **Mortgage interest:** $12K
- **Utilities:** $12K
- **Jobs reported:** 18
## 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*