# PPP loan: SCHAFFER PARTNERS INC
> **$531K** approved 04/14/2020 · Exemption 4 · Loan `6043317110`
## Borrower
- **Name:** SCHAFFER PARTNERS INC
- **Address:** 6545 CARNEGIE AVE, CLEVELAND, OH, 44103-4619
- **NAICS:** 454110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $531K
- **Initial approval:** $531K
- **Forgiven:** $506K (95%)
- **Forgiveness date:** 09/28/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $531K
- **Jobs reported:** 41
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*