# PPP loan: SCHORN CONSTRUCTION CO. INC.
> **$231K** approved 02/06/2021 · Paid in Full · Loan `4242628403`
## Borrower
- **Name:** SCHORN CONSTRUCTION CO. INC.
- **Address:** 1232 Sawmill Rd, Downingtown, PA, 19335-3831
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $231K
- **Initial approval:** $231K
- **Forgiven:** $233K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $231K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*