# PPP loan: SHULL, SCHRUM, MCCLAFLIN AND CO. INC.
> **$177K** approved 04/04/2020 · Paid in Full · Loan `5054507000`
## Borrower
- **Name:** SHULL, SCHRUM, MCCLAFLIN AND CO. INC.
- **Address:** 1111 JEFFERSON WAY, INDIANOLA, IA, 50125-1453
- **NAICS:** 999990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $178K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $141K
- **Rent:** $11K
- **Utilities:** $3K
- **Debt interest:** $21K
- **Jobs reported:** 16
## Lender
- **Originating:** American State Bank
- **Servicing:** American State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*