# PPP loan: SCHUMACHER TRANSPORTATION, INC.
> **$162K** approved 04/27/2020 · Paid in Full · Loan `4519097200`
## Borrower
- **Name:** SCHUMACHER TRANSPORTATION, INC.
- **Address:** 2020 Lovett Ave, BISMARCK, ND, 58504
- **NAICS:** 485310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $18K
- **Utilities:** $4K
- **Jobs reported:** 30
## Lender
- **Originating:** First Western Bank & Trust
- **Servicing:** First Western Bank & Trust (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*