# PPP loan: SCHAEFER'S III, INC.
> **$320K** approved 04/07/2020 · Paid in Full · Loan `6909997008`
## Borrower
- **Name:** SCHAEFER'S III, INC.
- **Address:** 23962 SMILEY RD, NISSWA, MN, 56468-2386
- **NAICS:** 445110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $320K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Jobs reported:** 80
## Lender
- **Originating:** First Western Bank & Trust
- **Servicing:** First Western Bank & Trust (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*