# PPP loan: SCHAEFER'S ELECTRICAL ENCLOSURES, INC
> **$1.85M** approved 04/03/2020 · Paid in Full · Loan `4518427005`
## Borrower
- **Name:** SCHAEFER'S ELECTRICAL ENCLOSURES, INC
- **Address:** 4680 NASH RD BUILDING A, SCOTT CITY, MO, 63780-7144
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.86M (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.39M
- **Rent:** $372K
- **Utilities:** $91K
- **Jobs reported:** 209
## Lender
- **Originating:** Southern Bank
- **Servicing:** Southern Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*