# PPP loan: SCHROEPFER INC
> **$259K** approved 04/07/2020 · Paid in Full · Loan `7120737008`
## Borrower
- **Name:** SCHROEPFER INC
- **Address:** 22071 State Highway 4, SLEEPY EYE, MN, 56085-5060
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $259K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Mortgage interest:** $13K
- **Utilities:** $8K
- **Health care:** $9K
- **Debt interest:** $9K
- **Jobs reported:** 22
## Lender
- **Originating:** Americana Community Bank
- **Servicing:** Americana Community Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*