# PPP loan: SCHUMAN ELECTRIC INC
> **$587K** approved 04/27/2020 · Paid in Full · Loan `3684407207`
## Borrower
- **Name:** SCHUMAN ELECTRIC INC
- **Address:** 3660 St. Augustine Rd, JACKSONVILLE, FL, 32207
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $587K
- **Forgiven:** $591K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $469K
- **Utilities:** $117K
- **Jobs reported:** 83
## Lender
- **Originating:** Ameris Bank
- **Servicing:** Ameris Bank (GA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*