# PPP loan: SCHUMACHER EXCAVATING INC
> **$362K** approved 04/27/2020 · Paid in Full · Loan `5333577209`
## Borrower
- **Name:** SCHUMACHER EXCAVATING INC
- **Address:** 50 WARREN AVE, ZUMBROTA, MN, 55992-1019
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $364K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Jobs reported:** 24
## Lender
- **Originating:** Frandsen Bank and Trust
- **Servicing:** Frandsen Bank & Trust (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*