# PPP loan: SCHAADSOURCE, LLC
> **$266K** approved 04/13/2020 · Paid in Full · Loan `4305617108`
## Borrower
- **Name:** SCHAADSOURCE, LLC
- **Address:** 150 Major Reynolds Place, KNOXVILLE, TN, 37919-4853
- **NAICS:** 531312
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $268K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Mortgage interest:** $50K
- **Utilities:** $17K
- **Jobs reported:** 20
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*