# PPP loan: SCHWAAB, INC
> **$1.31M** approved 04/05/2020 · Paid in Full · Loan `5163827001`
## Borrower
- **Name:** SCHWAAB, INC
- **Address:** 12855 W Lisbon Rd, BROOKFIELD, WI, 53005-2504
- **NAICS:** 339940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $980K
- **Rent:** $327K
- **Jobs reported:** 186
## Lender
- **Originating:** Town Bank, National Association
- **Servicing:** Town Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*