# PPP loan: SCHAFFER SPECIALTY WELDING, INC.
> **$1.00M** approved 04/06/2020 · Paid in Full · Loan `5890037007`
## Borrower
- **Name:** SCHAFFER SPECIALTY WELDING, INC.
- **Address:** 109 Industrial Ave, MILLTOWN, WI, 54858-9067
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.07M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Mortgage interest:** $103K
- **Utilities:** $100K
- **Jobs reported:** 89
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*