# PPP loan: SCHOTT DISTRIBUTING COMPANY, INC.
> **$1.10M** approved 04/05/2020 · Paid in Full · Loan `5354737001`
## Borrower
- **Name:** SCHOTT DISTRIBUTING COMPANY, INC.
- **Address:** 6735 HIGHWAY 14 E, ROCHESTER, MN, 55904-8679
- **NAICS:** 424810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Jobs reported:** 78
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*