# PPP loan: SCHULZ IRON WORKS, INC.
> **$485K** approved 04/28/2020 · Paid in Full · Loan `7044117203`
## Borrower
- **Name:** SCHULZ IRON WORKS, INC.
- **Address:** 1620 WOLFPACK LN, RALEIGH, NC, 27609
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $485K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $485K
- **Jobs reported:** 40
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*