# PPP loan: SCHLAUDERAFF IMPLEMENT CO
> **$371K** approved 04/04/2020 · Paid in Full · Loan `4864487004`
## Borrower
- **Name:** SCHLAUDERAFF IMPLEMENT CO
- **Address:** 60240 US Highway 12, LITCHFIELD, MN, 55355
- **NAICS:** 333111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $374K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $371K
- **Jobs reported:** 25
## Lender
- **Originating:** Center National Bank
- **Servicing:** Center National Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*