# PPP loan: SCHIPP'S PRO POWER WASH, INC.
> **$233K** approved 04/05/2020 · Paid in Full · Loan `5228967010`
## Borrower
- **Name:** SCHIPP'S PRO POWER WASH, INC.
- **Address:** 2340 CROSSROADS BLVD, ALBERT LEA, MN, 56007-4001
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Rent:** $20K
- **Utilities:** $5K
- **Health care:** $8K
- **Debt interest:** $5K
- **Jobs reported:** 23
## Lender
- **Originating:** Arcadian Bank
- **Servicing:** Arcadian Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*