# PPP loan: SCHACHT SPINDLE CO INC
> **$487K** approved 03/01/2021 · Paid in Full · Loan `5618608510`
## Borrower
- **Name:** SCHACHT SPINDLE CO INC
- **Address:** 6101 Ben Pl, Boulder, CO, 80301-2982
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $487K
- **Initial approval:** $487K
- **Forgiven:** $488K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $487K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*